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Egypt has built a wall as part of emergency measures, fearing that further Israeli military advances into the southern Gaza Strip will trigger a refugee crisis, The Wall Street Journal reported on the 15th.
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Tencent stepped up share buybacks to support its share price, but South Africa's major shareholders continued to reduce their holdings.
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As of the date of the announcement (20th), Prosus, a subsidiary of South Africa's major shareholder Naspers, held 2.33 billion Tencent shares with a market capitalization of $86 billion.
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The latest disclosure by the Hong Kong Stock Exchange was in December last year, at which point Prosus held 24.99% of the shares with a total of 2.377 billion shares.
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This means that over the past three months the company has further reduced its holdings by 47 million shares, dropping its shareholding ratio to about 24.7%.
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Based on the recent average price of 285 yuan, this means that about 13.4 billion yuan has been cashed out.
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However, Tencent's new share buyback plan is stronger than Naspers' stake reduction, so the two will likely offset each other more than adequately if the pace of the reduction remains the same.【Stock Performance】Secure investment opportunities designed for long-term growth.
