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Prosus Continues to Reduce Stake in TENCENT (0700.HK) by 13 Million Shares in 1Q26
2026-04-09 14:30:47 Prosus, the internet flagship under South African media giant Naspers and a major shareholder of TENCENT (0700.HK), sold approximately 13 million shares of TENCENT in 1Q26. Based on TENCENT's average closing price of HKD560.16 in the first three months of the year, the stake was valued at approximately HKD7.28 billion. Even based on the closing price of HKD484 at the end of March, the market value amounted to about HKD6.29 billion. Prosus launched a program to reduce its holdings in TENCENT in 2022, aiming to unlock capital to repurchase its own shares and narrow the discount of its share price to net asset value per share. (hc/w)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |