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Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an update.
Hongkong Land Holdings Limited announced a market repurchase of 235,000 of its ordinary shares, with the highest price paid per share at US$6.34 and the lowest at US$6.25. The repurchased shares will be cancelled, and the move aligns with the company’s strategy to manage its capital structure efficiently, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:HKLD) stock is a Hold with a $4.80 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. The company focuses on prime commercial properties in key Asian cities, particularly in Hong Kong and Singapore.
Average Trading Volume: 3,740
Technical Sentiment Signal: Buy
Current Market Cap: $13.72B
See more insights into HKLD stock on TipRanks’ Stock Analysis page.