Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.39 and last traded at $6.36, with a volume of 6221 shares. The stock had previously closed at $6.23.
Hang Lung Properties Stock Up 3.5%
The firm’s 50 day moving average is $5.88 and its two-hundred day moving average is $5.65.
About Hang Lung Properties
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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