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An announcement from Hongkong Land Holdings ( (GB:HKLD) ) is now available.
Hongkong Land Holdings Limited announced a market repurchase of 240,000 of its ordinary shares, with the highest price paid per share being US$6.21 and the lowest US$6.13. The repurchased shares will be cancelled, impacting the company’s issued share capital, which now consists of 2,178,108,926 ordinary shares with voting rights. This move aligns with the company’s strategy to manage its capital structure and may influence shareholder calculations regarding their interest in the company.
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 operates in the real estate industry, focusing on property investment, management, and development. The company is known for its portfolio of prime commercial properties across Asia, particularly in Hong Kong and Singapore, catering to high-end retail and office spaces.
Average Trading Volume: 4,140
Technical Sentiment Signal: Buy
Current Market Cap: $13.53B
Learn more about HKLD stock on TipRanks’ Stock Analysis page.