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Hongkong Land Holdings Announces Share Repurchase

Story Highlights
  • Hongkong Land repurchased 235,000 shares at prices between US$6.30 and US$6.39.
  • The repurchased shares will be cancelled, affecting the company’s share capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hongkong Land Holdings Announces Share Repurchase

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The latest announcement is out from Hongkong Land Holdings ( (GB:HKLD) ).

Hongkong Land Holdings Limited announced a market repurchase of 235,000 of its ordinary shares, with the highest price paid per share being US$6.39 and the lowest at US$6.30. The repurchased shares will be cancelled, and this action aligns with the company’s ongoing efforts to manage its share capital effectively. The announcement provides shareholders with updated information on the company’s issued share capital, which consists of 2,176,216,926 ordinary shares, each with one voting right.

The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.20 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. The company operates primarily in Asia, focusing on prime office and retail properties in key Asian cities.

Average Trading Volume: 5,446

Technical Sentiment Signal: Buy

Current Market Cap: $13.89B

Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.

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