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Hongkong Land Holdings Executes Share Repurchase

Story Highlights
  • Hongkong Land Holdings repurchased 450,000 shares at prices between US$5.47 and US$5.57.
  • The repurchased shares will be cancelled, impacting voting rights calculations for shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hongkong Land Holdings Executes Share Repurchase

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An announcement from Hongkong Land Holdings ( (GB:HKLD) ) is now available.

Hongkong Land Holdings Limited announced a market repurchase of 450,000 of its ordinary shares, with the highest price paid per share being US$5.57 and the lowest US$5.47. The repurchased shares will be cancelled, affecting the total number of voting rights, which shareholders can use to determine their interest in the company as per the Financial Conduct Authority’s rules.

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 (HKLH) operates in the real estate industry, focusing on property investment, management, and development. The company primarily deals with commercial and residential properties across Asia, with a significant presence in Hong Kong and Singapore.

Average Trading Volume: 6,012

Technical Sentiment Signal: Buy

Current Market Cap: $12.19B

For a thorough assessment of HKLD stock, go to TipRanks’ Stock Analysis page.

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