Original title: Tencent rare high "liquidation style" selling New Oriental Online: easy profit of HK $720 million
Recently, New Oriental online shares continue to rise, Tencent Holdings is very surprised to sell a large number of cash.
Tencent Holdings sold 74.6 million shares of New Oriental Online between June 15 and 16, reducing its stake to 1.58% from 9.04%, according to Hong Kong Stock Exchange filings.
Among them,Tencent Holdings sold 35.612,500 shares at an average price of HK $9.618 per share on Monday, raking in HK $342 million. 16. 38.9914 million shares were sold at an average price of HK $96,755 per share, netting HK $377 million.
In two days, Tencent pocketed HK $719 million.
It is reported,Tencent has more than doubled its hk $320m stake in New Oriental Online since 2016, and its remaining stake is still worth about HK $150m.
It is worth noting that Tencent's shares of many companies are basically before their listing, but they are basically long-term investment and rarely reduce their holdings. This time, it is very rare to reduce its holdings of New Oriental Online at the high share price, and it is almost liquidated.
New Oriental Online was founded in 2005 and is the holding subsidiary of New Oriental Education and Technology Group. It was independently spun off in 2014 and listed separately in 2019.