NASPERS Stock Forum

$NASPERS(NAPRF.US)$ , Tencent's major South African shareholder, and its Dutch subsidiary $Prosus N.V. Sponsored ADR(PROSY.US)$ have appointed Fabricio Bloisi as CEO, replacing interim CEO Ervin Tu. Bloisi will assume his role on 1 July, with Tu becoming President and CIO.
Prosus stated that their strategic objectives remain unchanged, aiming for a trading profit from consolidated e-commerce in the second half of the financial year.
$NASPERS LTD ADR(NPSNY.US)$ $PROSUS N.V.(PROSF.US)$ $TENCENT(00700.HK)$ $Tencent(TCEHY.US)$ $Hang Seng TECH Index(800700.HK)$

$Prosus N.V. Sponsored ADR(PROSY.US)$ , a $NASPERS(NAPRF.US)$ subsidiary, will likely reduce its Tencent stake by about $11.6 billion in 1Q24, easing pressure on Tencent. CITIC Securities predicts Prosus will trim Tencent shares by around $200 million daily in 2024, with Tencent's annual buyback budget rising to $100 billion.
The continued decrease in the major shareholder's holdings, coupled with Tencent's increased buyback, ...

Hong Kong stocks developed individually in the early session. $Hang Seng Index(800000.HK)$ opened 4 points or 0.03% lower at 16,926. $Hang Seng China Enterprises Index(800100.HK)$ opened 4 points or 0.07% higher at 5,965. $Hang Seng TECH Index(800700.HK)$ opened 0.63 points or 0.02% higher at 3,543 points.
On the tech front, $TENCENT(00700.HK)$ continued to see holding reductions by $PROSUS N.V.(PROSF.US)$ , a subsidiary of its major shareholder $NASPERS(NAPRF.US)$ , but TENCENT s...

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