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Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an announcement.
Hongkong Land Holdings Limited announced the repurchase of 200,000 of its ordinary shares at a weighted average price of US$7.135 per share, with the highest price paid being US$7.27 and the lowest US$6.99. The repurchased shares will be cancelled, which could impact the company’s share capital structure and potentially influence shareholder value. The company’s issued share capital now consists of 2,161,308,126 ordinary shares, each with one voting right, and this figure will be used for shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.70 price target. To see the full list of analyst forecasts on Hongkong Land Holdings stock, see the GB:HKLD Stock Forecast page.
More about Hongkong Land Holdings
Hongkong Land Holdings Limited is a major property investment, management, and development group with a significant presence in Asia. The company primarily focuses on commercial and residential properties, catering to both high-end and mass-market segments.
Average Trading Volume: 6,404
Technical Sentiment Signal: Buy
Current Market Cap: $15.5B
Learn more about HKLD stock on TipRanks’ Stock Analysis page.