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Hongkong Land Executes Share Repurchase Plan

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Hongkong Land Holdings ( (GB:HKLD) ) has shared an update.

Hongkong Land Holdings Limited has announced the repurchase of 490,000 of its ordinary shares at a weighted average price of US$5.0354 per share, with the highest price paid being US$5.07 and the lowest US$5.01. The repurchased shares will be cancelled, which may impact the company’s share capital and voting rights, providing shareholders with a new denominator for calculating their interests according to the Financial Conduct Authority’s rules.

More about Hongkong Land Holdings

Hongkong Land Holdings Limited is a leading property investment, management, and development group with a major focus on prime commercial properties in key Asian cities. The company is known for its high-quality office and retail spaces, particularly in Hong Kong and Singapore.

Average Trading Volume: 43,650

Technical Sentiment Signal: Buy

Current Market Cap: $11.19B

See more insights into HKLD stock on TipRanks’ Stock Analysis page.

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