Tencent (DE.NNND) falls 2.5% as Prosus (NL.PRX), Naspers (US.NPSNY) say to gradually sell shares - 27 iunie 2022
Shares of Chinese internet gaming and social media giant Tencent Holdings gave up early gains to fall as much as 2.5% in the early afternoon, after Prosus NV and Naspers said they would gradually sell shares in the firm.
Naspers, which holds 28.78% stake in Tencent through Amsterdam-listed subsidiary Prosus NV , posted a 16% drop in full year profit as it reinvested its earnings into other businesses and as the contribution from its shareholding in Tencent dropped after a stake sale last year.