tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hongkong Land Holdings Conducts Share Repurchase

Story Highlights
  • Hongkong Land Holdings repurchased 240,000 shares at an average price of US$6.09.
  • The repurchased shares will be cancelled, affecting share capital and shareholder interest calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hongkong Land Holdings Conducts Share Repurchase

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an update.

Hongkong Land Holdings Limited announced the repurchase of 240,000 of its ordinary shares at prices ranging from US$6.03 to US$6.19, with a weighted average purchase price of US$6.09. The repurchased shares will be cancelled, impacting the company’s share capital and potentially influencing shareholder interest calculations under the Financial Conduct Authority’s rules.

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 with a significant presence in Asia. The company focuses on prime commercial properties and luxury residential developments, primarily in Hong Kong, Singapore, and other key Asian cities.

Average Trading Volume: 3,980

Technical Sentiment Signal: Buy

Current Market Cap: $12.99B

See more data about HKLD stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1