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An announcement from Hongkong Land Holdings ( (GB:HKLD) ) is now available.
Hongkong Land Holdings Limited announced the repurchase of 480,000 of its ordinary shares at a weighted average price of US$5.1916 per share, which will subsequently be cancelled. This move aligns with the company’s strategy to manage its capital structure and could impact shareholder calculations regarding voting rights, as the total issued share capital now consists of 2,196,235,026 ordinary shares.
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 primarily deals with commercial and residential properties across Asia, with a significant presence in Hong Kong and Singapore.
Average Trading Volume: 52,440
Technical Sentiment Signal: Buy
Current Market Cap: $11.51B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.
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