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Hongkong Land Executes Share Repurchase Strategy

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Hongkong Land Executes Share Repurchase Strategy

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Hongkong Land Holdings ( (GB:HKLD) ) has shared an announcement.

Hongkong Land Holdings Limited has repurchased 240,000 of its ordinary shares at an average price of US$6.1239 per share, which will be cancelled. This move aligns with the company’s financial strategy and impacts its share capital, which now consists of 2,168,878,926 ordinary shares with voting rights, potentially affecting shareholder calculations under Financial Conduct Authority rules.

The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.30 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 focus on prime commercial assets in Asian cities, particularly in Hong Kong and Singapore.

Average Trading Volume: 6,535

Technical Sentiment Signal: Buy

Current Market Cap: $13.25B

Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.

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