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Hongkong Land Holdings ( (GB:HKLD) ) has provided an announcement.
Hongkong Land Holdings Limited announced the repurchase of 240,000 of its ordinary shares at a weighted average price of US$5.9685, with the highest price paid being US$6.00 per share. The repurchased shares will be cancelled, impacting the company’s share capital, which now consists of 2,166,448,926 ordinary shares. This move aligns with the company’s strategy to manage its capital structure and could influence shareholder calculations regarding voting rights and interests.
The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.30 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 (HKLH) is a prominent property investment, management, and development group. The company focuses on prime commercial properties in key Asian cities, particularly Hong Kong and Singapore, and is known for its high-quality office and retail spaces.
Average Trading Volume: 6,244
Technical Sentiment Signal: Buy
Current Market Cap: $13.04B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.