Hongkong Land Holdings Announces Share Repurchase
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Hongkong Land Holdings announced the repurchase of 155,800 ordinary shares at prices between US$6.61 and US$6.89, with a weighted average price of US$6.7997. The repurchased shares will be cancelled, affecting voting rights and shareholder calculations. The latest analyst rating for the stock is a Buy with a $7.70 price target. Hongkong Land Holdings focuses on prime office and luxury retail properties in key Asian cities, notably Hong Kong and Singapore.
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