29 June 2022 - 05:10
What’s there not to like in the Prosus-Naspers cross-holding entity’s latest attempt to crush a stubbornly wide discount at which the market values its shares and the value of its underlying assets? Not much.If you have already registered or subscribed, please sign in to continue.
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Tencent falls 2.5% as Prosus, Naspers say to gradually sell sharesDutch technology investment company Prosus_Ventures and its controlling shareholder Naspers said on Monday they intend to sell down their enormous stake in Chinese software giant TencentGlobal. Moneyeweb Prosus Naspers
Source: Moneyweb - 🏆 5. / 77 Read more »
Chinese tech stocks fall after Naspers-owned Prosus announces share buyback planChinese tech stocks fell after a Naspers-owned Prosus announced a plan to sell some of its holdings and buy back its own shares.
Source: mybroadband - 🏆 11. / 67 Read more »
Naspers-owned Prosus selling Tencent stock to buy back own sharesProsus also sold JD.com shares it received from Tencent for $3.7 billion (R58.6 billion).
Source: mybroadband - 🏆 11. / 67 Read more »
Bob's your uncle: Naspers and Prosus stocks soar on news of Tencent share buyback plans | Fin24Shares in Naspers soared above 22% on Monday following an announcement by the global consumer internet group to begin an 'open-ended' sale of Tencent shares, its biggest investment. | Fin24
Source: News24 - 🏆 4. / 80 Read more »
Prosus sale plan sends Chinese tech stocks tumblingA plan by Tencent’s major backer, Naspers-controlled Prosus, to further cut its stake in the company fuelled concerns among investors on Tuesday.
Source: TechCentral - 🏆 8. / 71 Read more »
Tencent backer Prosus to cut $134 billion stake to fund buybackProsus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding.
Source: BusinessTechSA - 🏆 24. / 61 Read more »