Hongkong Land Holdings Announces Share Repurchase and Cancellation

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

Hongkong Land Holdings Limited has repurchased 429,900 of its ordinary shares, with the highest price paid per share being US$5.69 and the lowest US$5.57, resulting in a weighted average purchase price of US$5.63. These shares will be cancelled, impacting the company’s share capital, which now consists of 2,190,915,926 ordinary shares with voting rights. This move is in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, and shareholders can use the updated voting rights figure for necessary calculations regarding their share interests.

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 focus on prime commercial properties in Asian cities, particularly Hong Kong and Singapore. The company is a part of the Jardine Matheson Group and is known for its high-quality office and retail spaces.

Average Trading Volume: 32,811

Technical Sentiment Signal: Buy

Current Market Cap: $12.29B

Learn more about HKLD stock on TipRanks’ Stock Analysis page.