Prosus sells 2% stake in Tencent for USD 14.6 billion

Thursday 8 April 2021 | 09:19 CET | News
The holding company Prosus has sold a 2 percent stake in Tencent for USD 14.6 billion. The accelerated offering of nearly 192 million Tencent shares was conducted in a private placement on the Hong Kong Stock Exchange. The shares were priced at HKD 595 each, a 5.5 percent discount on Tencent's last closing price. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Prosus / Tencent
Countries: China / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.