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After Tencent reduced its Holdings of Sea to $3 billion, Sea shares fell 40% in 14 days.

via:AI财经社     time:2022/1/25 18:01:44     readed:391


January 25 news, since Tencent reduced its holdings, Sea's stock price fell for several days. In the U.S. stock market on January 24, Sea's stock price hit a 52-week low of $132 per share, and its total market value fell below the $75 billion mark.

On January 4, 2022, Tencent announced a deal to reduce its holdings in Class A shares of Sea's 1449.2751 shares. After the reduction, Tencent's stake in Sea decreased from 21.3% to 18.7%. Based on the pre-opening share price of $223.31 per share, Tencent can cash out more than $3 billion.

It is reported that after the news of the reduction, The sea company's stock price fell from $223 / share at the close of January 3 to $132 / share, and so far in only 14 trading days, Sea's stock price has fallen by more than 40%, and the market value has evaporated by more than $50 billion.

If you calculate from the record high of $372.7 per share on January 20, 2021, in only 3 months, the stock price has fallen by nearly 65%, and the market value has evaporated by more than $134 billion.

From the Forbes real-time rich list, sea founder Li Xiaodong's net worth has fallen to $8.5 billion, ranking fourth richest man in Singapore, still ahead of Haidilao founder Daniel Zhang nearly $1 billion, but close to the nearly $20 billion distance from Singapore's richest man, Lee Sitaw. (Article | "Finance and Economics" Weekly, You Weiwei)

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