Hang Lung Group (HKG:0010), through unit Curicao, bought a total of 62 million additional shares in property arm Hang Lung Properties for around HK$609.8 million, a Thursday filing on the Hong Kong bourse said.
The shares were bought at an average price of HK$9.84 apiece between Aug. 3, 2023 and June 13, 2024 in the open market.
The shares represent approximately 1.38% of Hang Lung Propertiesâ total number of shares in issue, resulting in Hang Lungâs shareholding in the former to rise to 61.51%.
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