Multifield International Sells HSBC Shares

MT Newswires Live11:38

Multifield International (HKG:0898) sold 1.54 million HSBC (HKG:0005) shares on the open market, according to a Hong Kong bourse filing Tuesday.

Shares of the property investment firm gained over 7% in morning trade Wednesday.

The shares were sold at an average price of HK$138.05 apiece, or HK$212.6 million in total. The company expects to record a gain of HK$24 million on the sale in the year ending Dec. 31, 2026.

Multifield International continues to hold 4.2 million HSBC shares following the sale.

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