Feirre wrote a post · Apr 3, 2024 10:33

Prosus Continues Reduction of Tencent Stake; Tencent's Robust Buyback Activity Noted

Prosus disclosed a decrease in its stake in Tencent to 2.324 billion shares as of April 2, down from 2.377 billion shares in December last year, marking a 24.6% stake.

Concurrently, its stake in $MEITUAN-W (03690.HK)$ remained unchanged at 258 million shares.

Tencent's aggressive buyback strategy saw $49 billion spent last year, surpassing its total buyback in the past decade.

$NASPERS (NAPRF.US)$ $NASPERS LTD ADR (NPSNY.US)$ $PROSUS N.V. (PROSF.US)$ $Prosus N.V. Sponsored ADR (PROSY.US)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $Hang Seng TECH Index (800700.HK)$

Notably, from December 8, 2023, to March 2024, Tencent repurchased 78 million shares, amounting to nearly $22.9 billion.

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