Business

Prosus made the second largest block sale in the world

“Our faith in Tencent and its management team is unshakeable, but we also need to fund continued growth in our core business and emerging sectors,” Prosus Chairman Koos Bekker said after the sale was completed on Thursday.

INVEST IN ONLINE FOOD PLATFORMS

Prosus also announced that it has invested in online food delivery platforms and digital payment systems. The company reported that during the semester ending September 30, Tencent shares increased its top earnings by 29 percent to $ 2.2 billion, with proceeds offsetting losses in other interest rates online.

However, Tencent announced that it sold 191.89 million shares of Prosus for 114.1 billion Hong Kong dollars. It was said that after the sale, Prosus’ stake in Tencent decreased to 28.9 percent. The shares in question sold at $ 595, 5.5 percent below the closing price of HK $ 629.50 the previous day.

LOSE 2.5 PERCENT OF VALUE

On the other hand, Tencent shares, which rose 10 percent this year, lost 2.5 percent on the Hong Kong Stock Exchange on the news of the sale.

According to global market data infrastructure provider Refinitiv, it was the second-largest sale in block trading since 2018, when South African Naspers sold 2 percent of the group for $ 9.8 billion.

1 Hong Kong dollar: $ 0.13

1 Hong Kong dollar: 1.05 Turkish lira

RECORD PRICE FOR COMIC ROMAN

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