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Hongkong Land Holdings ( (GB:HKLD) ) has provided an update.
Hongkong Land Holdings Limited announced a market repurchase of 240,000 of its ordinary shares, with prices ranging from US$6.23 to US$6.31 per share. The repurchased shares will be cancelled, and this move aligns with the company’s strategy to manage its share capital effectively, potentially impacting shareholder calculations under 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 is a major property investment, management, and development group with a primary focus on prime commercial properties in Asian cities, particularly in Hong Kong and Singapore.
Average Trading Volume: 3,740
Technical Sentiment Signal: Buy
Current Market Cap: $13.7B
Learn more about HKLD stock on TipRanks’ Stock Analysis page.