(Reuters) - A regulatory filing said Maan al-Sanea owned 360 million HSBC shares, or a 3.1 percent stake, through Singularis Holdings, an investment company based in the Cayman Islands.
Sanea started buying the shares in mid-February, after problems in HSBC's U.S. mortgage business hit its share price, a spokesman for Singularis told Reuters. He declined to comment whether Sanea would continue buying shares.
Read more at Reuters.com Mergers News
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