MULTIFIELD INTL (00898) has announced a board proposal to seek pre-emptive authorization from shareholders. The green light would allow the board to sell up to 2.3 million shares of HSBC HOLDINGS during a designated authorization period.
This proposed sale represents a portion of the company's total holdings of HSBC HOLDINGS shares as of the date of this announcement.
The board of MULTIFIELD INTL is seeking this authorization to provide flexibility in managing its investment portfolio.
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MULTIFIELD INTL Proposes Sale of Up to 2.3 Million HSBC Shares
Stock News08-14
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