Hongkong Land Holdings Announces Share Repurchase

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

Hongkong Land Holdings Limited announced the repurchase of 470,000 of its ordinary shares at a weighted average price of US$5.2393 per share, with the highest price paid being US$5.26 and the lowest US$5.18. The repurchased shares will be cancelled, which may impact the company’s share capital structure and voting rights, providing shareholders with a new denominator for calculating their interests under the Financial Conduct Authority’s rules.

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 focus on prime commercial properties in key Asian cities. The company is part of the Jardine Matheson Group and is known for its significant presence in Hong Kong and Singapore.

Average Trading Volume: 52,440

Technical Sentiment Signal: Buy

Current Market Cap: $11.51B

Learn more about HKLD stock on TipRanks’ Stock Analysis page.