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Hongkong Land Holdings ( (GB:HKLD) ) has issued an announcement.
Hongkong Land Holdings Limited announced a repurchase of 235,000 of its ordinary shares, with prices ranging from US$6.35 to US$6.44, and a weighted average purchase price of US$6.4164. The repurchased shares will be cancelled, impacting the company’s share capital structure, which now consists of 2,172,960,626 ordinary shares. This move aligns with the company’s strategic financial management and may influence shareholder calculations regarding their interests in the company.
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 significant presence in Asia. The company focuses on prime commercial and residential properties, primarily in Hong Kong, Singapore, and other key Asian cities.
Average Trading Volume: 6,156
Technical Sentiment Signal: Buy
Current Market Cap: $14B
See more data about HKLD stock on TipRanks’ Stock Analysis page.