After reading, Tencent, which Snap parent company Snap offered to the Securities and Exchange Commission (SEC) on Wednesday, has obtained 145,778,246 shares of snap and foreign media claims about 10% of its shares.
Snap, in its 10-Q paper, said: "Our long-time shareholder, headquartered in Shenzhen, China, the global Internet company Tencent Holdings Limited (" Tencent "), has informed us that the company recently passed the open market 145,778,246 A-share ordinary shares without voting rights were acquired by the Company. & rdquo;
"We have long been inspired by Tencent's creativity and entrepreneurial spirit, and we are grateful for the long-term and fruitful cooperation that will continue with what we started four years ago. "Snap said.
"Because of our Class A ordinary shares without voting rights, pursuant to sections 13 (d), 13 (g) and 16 of the Securities Act of 1934, our Class A common stockholders are Obligation to submit reports. These provisions generally require significant shareholders to declare publicly their ownership, including changes in ownership. Tencent and Snap are therefore not obliged to disclose the changes in Class A ordinary shares held by Tencent. Therefore, we can not guarantee that you or we will be notified of any such changes, "said Snap.
According to the Snap announcement, Tencent President Liu Chih-ping said Tencent is pleased to deepen its stake relationship with Snap and looks forward to sharing ideas and experiences with them in the future.
Snap on Wednesday released the company's fiscal third quarter fiscal 2017 earnings. Earnings report, Snap third-quarter revenue of 207.9 million US dollars, compared with 128.2 million US dollars last year increased 62%; net loss of 443 million US dollars, with a net loss of 124 million US dollars in the same period last year significantly expanded.
Affected by the company's third-quarter revenue, net profit and user growth did not meet market expectations, Snap shares plunged more than 16% after Wednesday's after-hours trading, which also allows the company's two co-founders Evan - Spi Evan Spiegel and Bobby Murphy plunged 500 million U.S. dollars respectively from 3.4 billion U.S. dollars at the close to 2.9 billion U.S. dollars.
However, the impact of news of Tencent buying Snap shares, Snap shares in Thursday's pre-market trading did not continue the decline in Wednesday's after-hours trading, but rose. At press time, Snap shares rose 0.24 US dollars, or 1.55%, the stock price of 15.35 US dollars. In the past 52 weeks, Snap the lowest price of 11.28 US dollars, the highest price of 29.44 US dollars. According to Wednesday's closing price of $ 15.12, Snap market value of about 181 billion US dollars.