Prosus Sells 191.9 Million Tencent Shares at HK$595 Each
By Ian Walker
Prosus NV said Thursday that it has sold 191.9 million shares in
Tencent Holdings Ltd. at 595 Hong Kong dollars a share (US$76.45),
as first announced on Wednesday.
The Dutch internet conglomerate, a subsidiary of South Africa's
Naspers Ltd., said Wednesday that it planned to sell up to 191.9
million shares in Tencent via a bookbuild program. Naspers was one
of the Chinese tech giant's earliest investors.
Prosus said Tencent understands and supports its intention and
it has committed not to sell any further Tencent shares for at
least the next three years.
Write to Ian Walker at firstname.lastname@example.org
(END) Dow Jones Newswires
April 08, 2021 03:13 ET (07:13 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.