Hongkong Land Holdings Announces Share Repurchase

Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an announcement.

Hongkong Land Holdings Limited announced a repurchase of 372,700 of its ordinary shares, with prices ranging from US$5.41 to US$5.48 per share, and a weighted average price of US$5.4547. The repurchase, which aligns with the company’s strategic financial management, will result in the cancellation of these shares, potentially impacting shareholder calculations regarding voting rights and interest notifications under regulatory guidelines.

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 Asian markets. The company primarily focuses on high-quality commercial and residential properties in key Asian cities, contributing to its strong market positioning in the real estate industry.

Average Trading Volume: 40,628

Technical Sentiment Signal: Buy

Current Market Cap: $11.98B

For a thorough assessment of HKLD stock, go to TipRanks’ Stock Analysis page.