Prosus Sells 191.9 Million Tencent Shares at HK$595 Each

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Prosus Sells 191.9 Million Tencent Shares at HK$595 Each

By Ian Walker

Prosus NV said Thursday that it has sold 191.9 million shares in Tencent Holdings Ltd. at 595 Hong Kong dollars a share (US$76.45), as first announced on Wednesday.

The Dutch internet conglomerate, a subsidiary of South Africa's Naspers Ltd., said Wednesday that it planned to sell up to 191.9 million shares in Tencent via a bookbuild program. Naspers was one of the Chinese tech giant's earliest investors.

Prosus said Tencent understands and supports its intention and it has committed not to sell any further Tencent shares for at least the next three years.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

April 08, 2021 03:13 ET (07:13 GMT)

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