Lotte Raki Report on June 27th reported on June 27th
The major shareholder of Tencent Holdings, Prosus (Prosus is owned by Naspers) and Naspers recently announced that it will open a long -term and open repurchase plan to increase the net asset value per share. Tencent's stock was obtained.
This is the third time PROSUS and Naspers after 2018 and 2021, the third announcement has been announced. However, this reduction of holdings is different from the previous two. The reduction method will be advanced by continuous reduction.
Naspers is expected to sell the average number of Tencent shares per day than 3-5%of Tencent's average transaction volume.
Naspers sold a total of 189,978,300 shares of Tencent in 2018 for a total price of HK $ 76.94 billion, accounting for about 2%of Tencent's issuing shares.
Tencent CEO Ma Huateng said at the time that Tencent's major shareholders in South Africa were in 17 years to support Tencent. Tencent's major shareholders only sold a little, and immediately promised not to be sold again for three years. It's hard to find such shareholders.
PROSUS is an international Internet assets used to hold South African investment companies Naspers. On September 11, 2019, Prosus was listed in the Netherlands.
In April 2021, the PROSUS reduced holding of Tencent's equity, and the shareholding ratio dropped from 30.9%to 28.9%. Based on the stock price at the time, it meant that Prosus cash out nearly HK $ 120 billion.
Naspers completed the sale of Jingdong shares obtained from Tencent on June 24, 2022, achieving a total income of approximately US $ 3.67 billion. The sale is not limited by any prerequisites.
At the end of December 2021, Tencent issued an announcement to allocate about 460 million ordinary shares of JD Group to its shareholders. Tencent shareholders who have obtained JD.com in this distribution will become the new shareholders of JD.
After this dividend, Tencent's shareholding on JD.com fell from 17%to 2.3%, and it was no longer the largest shareholder. At the same time, Tencent President Liu Chiping also stepped down as a director of Jingdong.
Through this equity distribution, Prosus (Naspers has a majority of equity) obtained 4%of JD.com's shares through its subsidiary Mih TC Holdings.
Tencent's stock price rose this morning, but after the release of Naspers's holdings, the company's stock price fell urgently. As of the close, Tencent's stock price was HK $ 378.2 and a market value of 36.91 million Hong Kong dollars.
Affected by the sale of Tencent's equity and JD.com, Prosus's stock price rose sharply.
But even after the stock price rose, PROSUS's valuation is still 117 billion euros ($ 123 billion), while the shares of the equity of Tencent's equity are $ 134 billion.
This means that the market's valuation of other Prosus assets is lower than zero, including food distribution, travel booking and global online education websites. Prosus said this situation has become "unacceptable."