Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Up – Here’s Why

Shares of Hang Lung Properties Ltd. (OTCMKTS:HLPPYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.93, but opened at $6.25. Hang Lung Properties shares last traded at $6.25, with a volume of 606 shares trading hands.

Hang Lung Properties Price Performance

The business has a 50 day moving average price of $5.84 and a 200 day moving average price of $5.60.

Hang Lung Properties Company Profile

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Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.

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