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Hongkong Land Holdings ( (GB:HKLD) ) has issued an announcement.
Hongkong Land Holdings Limited has repurchased 240,000 of its ordinary shares at prices ranging from US$6.15 to US$6.25, with a weighted average price of US$6.1907 per share. The repurchased shares will be cancelled, impacting the company’s share capital structure, which now consists of 2,185,536,926 ordinary shares with voting rights. This move aligns with the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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 with a significant presence in Asia. The company focuses on developing prime commercial and residential properties, particularly in Hong Kong and other major Asian cities.
Average Trading Volume: 3,944
Technical Sentiment Signal: Buy
Current Market Cap: $13.58B
See more data about HKLD stock on TipRanks’ Stock Analysis page.