Tencent Buys Back 3.3 Million Shares to Counteract Sales by Investor Naspers

Tencent Holdings (HKG:0700) repurchased about 3.3 million shares on Tuesday, according to a Wednesday filing with the Hong Kong bourse.

MT NewswiresApr 11 05:29

Tencent's 100 billion repurchase plan outperformed the majority shareholders' holdings reduction, and the Q1 Hong Kong stock purchase hit a record high. Buyback + dividends are beneficial to stock prices

① In the first quarter of this year, the amount of Hong Kong stock repurchases reached HK$49.61 billion, more than three times that of the same period last year; ② Tencent once again became the “king of Hong Kong stock repurchases”, with a repurchase amount of 14.83 billion dollars in the first quarter, which basically exceeded the rate of reduction in holdings of Prosus, the majority shareholder.

cls.cnApr 7 19:53

The majority shareholder of Tencent Holdings reduced its holdings by more than 16 billion dollars in March. The agency said 100 billion repurchases are expected to ease market pressure

① How many Tencent shares does the majority shareholder Prosus hold? ② How is Tencent Holdings dealing with this situation?

cls.cnApr 3 01:21