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Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an update.
Hongkong Land Holdings Limited announced a market repurchase of 211,700 of its ordinary shares, with the highest price paid per share being US$6.54 and the lowest US$6.49. The repurchased shares will be cancelled, and this move aligns with the company’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception positively.
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. The company focuses on prime commercial properties in key Asian cities, primarily in Hong Kong and Singapore, offering office and retail spaces.
Average Trading Volume: 5,745
Technical Sentiment Signal: Buy
Current Market Cap: $14.21B
See more insights into HKLD stock on TipRanks’ Stock Analysis page.