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Hongkong Land Holdings ( (GB:HKLD) ) has provided an update.
Hongkong Land Holdings Limited announced a market repurchase of 510,000 of its ordinary shares, with prices ranging from US$4.87 to US$4.94 per share, and a weighted average purchase price of US$4.9056. These shares will be cancelled, impacting the company’s share capital, which now consists of 2,204,116,526 ordinary shares with voting rights. This move aligns with the Financial Conduct Authority’s guidelines and may affect shareholder calculations regarding their interests in the company.
More about Hongkong Land Holdings
Hongkong Land Holdings Limited is a major property investment, management, and development group with a focus on commercial and residential properties in key Asian cities. The company operates primarily in Hong Kong, Singapore, and other parts of Asia, providing high-quality office and retail spaces.
YTD Price Performance: 2.35%
Average Trading Volume: 43,650
Technical Sentiment Signal: Sell
Current Market Cap: $10.78B
For an in-depth examination of HKLD stock, go to TipRanks’ Stock Analysis page.