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The latest announcement is out from Hongkong Land Holdings ( (GB:HKLD) ).
Hongkong Land Holdings Limited announced a market repurchase of 440,000 of its ordinary shares, with prices ranging from US$5.59 to US$5.67 per share. The repurchased shares will be cancelled, impacting the company’s share capital, which now consists of 2,187,376,926 ordinary shares with voting rights. This move is in line 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 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 is a major property investment, management, and development group with operations primarily in Hong Kong, Singapore, and other Asian cities. The company focuses on prime commercial properties and luxury residential developments, playing a significant role in the real estate sector across Asia.
Average Trading Volume: 6,012
Technical Sentiment Signal: Buy
Current Market Cap: $12.19B
See more insights into HKLD stock on TipRanks’ Stock Analysis page.