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Hongkong Land Holdings ( (GB:HKLD) ) just unveiled an announcement.
Hongkong Land Holdings Limited has announced a repurchase of 230,000 of its ordinary shares, with the highest price paid per share being US$6.26 and the lowest at US$6.13. The repurchased shares will be cancelled, impacting the company’s issued share capital, which now consists of 2,170,548,926 ordinary shares. This move is in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, allowing shareholders to adjust their interest calculations accordingly. The repurchase reflects the company’s strategic financial management and may influence shareholder value and market perception.
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 properties in key Asian cities. The company is known for its extensive portfolio of high-quality office and retail spaces, particularly in Hong Kong and Singapore, catering to a diverse range of businesses and consumers.
Average Trading Volume: 5,922
Technical Sentiment Signal: Buy
Current Market Cap: $13.31B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.