Hongkong Land Holdings Announces Share Repurchase
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Hongkong Land Holdings Limited has announced a market repurchase of 152,900 ordinary shares, with prices ranging from US$6.47 to US$6.54. This move aims to manage its capital structure and may enhance shareholder value by reducing shares in circulation. Analysts rate the stock as a Buy with a price target of $7.30. The company specializes in prime office and luxury retail properties in Asia, particularly in Hong Kong and Singapore, and has a market cap of $14.06B.
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