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Hongkong Land Holdings ( (GB:HKLD) ) has issued an announcement.
Hongkong Land Holdings Limited announced a market repurchase of 240,000 of its ordinary shares, with prices ranging from US$6.00 to US$6.18 per share, and a weighted average purchase price of US$6.1074. The repurchased shares will be cancelled, impacting the company’s issued share capital, which consists of over 2.16 billion ordinary shares. This move aligns with the Financial Conduct Authority’s rules and may affect shareholders’ calculations regarding their interests in the company.
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 is a major property investment, management, and development group with a focus on prime commercial properties in Asian cities, particularly Hong Kong and Singapore.
Average Trading Volume: 6,378
Technical Sentiment Signal: Buy
Current Market Cap: $13.39B
For an in-depth examination of HKLD stock, go to TipRanks’ Overview page.