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Hongkong Land Holdings ( (GB:HKLD) ) has provided 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$6.37 and the lowest at US$6.26. The repurchased shares will be cancelled, and this move aligns with the company’s strategy to manage its capital structure effectively, 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 operates in the real estate industry, focusing on property investment, management, and development. The company is known for its prime commercial properties in key Asian cities, catering to a diverse range of clients and stakeholders.
Average Trading Volume: 3,740
Technical Sentiment Signal: Buy
Current Market Cap: $13.7B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.