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Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an announcement.
Hongkong Land Holdings Limited has repurchased 245,000 of its ordinary shares at a weighted average price of US$6.1032 per share, with plans to cancel these shares. This move aligns with the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its financial position.
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. It operates primarily in Asia, focusing on prime commercial and residential properties in key cities such as Hong Kong, Singapore, and Beijing.
Average Trading Volume: 6,535
Technical Sentiment Signal: Buy
Current Market Cap: $13.25B
See more data about HKLD stock on TipRanks’ Stock Analysis page.