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Hongkong Land Holdings ( (GB:HKLD) ) has provided an update.
Hongkong Land Holdings Limited announced the repurchase of 235,000 of its ordinary shares at prices ranging between US$6.32 and US$6.41, with a weighted average purchase price of US$6.37. The repurchased shares will be cancelled, impacting the company’s issued share capital, which now consists of 2,176,921,926 ordinary shares with voting rights. This move aligns with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, potentially affecting shareholder calculations regarding their interests 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 is a major property investment, management, and development group. It focuses on prime commercial properties in Asian cities, particularly in Hong Kong and Singapore.
Average Trading Volume: 5,676
Technical Sentiment Signal: Buy
Current Market Cap: $13.83B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.