"The acquisition of the company’s shares re-affirms management’s commitment and confidence in the value and long-term development of the company," says Hongkong Land.
Hongkong Land shares gained after it announced after market on April 22 that a group of its executive directors have committed to acquiring US$960,000 worth of shares from the open market between now and June.
Hongkong Land's shares, which have dropped more than 12% year to date, gained as much as 4.1% thus far today, April 23.
