Tencent loses $24 billion in market cap after Naspers' selldown

Tencent loses $24 billion in market cap after Naspers' selldown

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/23/tencent-loses-24-billion-in-market-cap-after-naspers-selldown.html

China's Tencent Holdings saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm's largest shareholder, Naspers, said it would lower its stake for the first time in 17 years.

The Hong Kong-listed stock opened 7.8 percent lower at HK$405, its lowest opening price since Feb. 9, before regaining ground to HK$419.6 by noon. The benchmark Hang Seng Index was down 2.81 percent.

Tencent loses $24 billion in market cap after Naspers' selldown

Mar 23, 2018, 6:21am UTC
https://www.cnbc.com/2018/03/23/tencent-loses-24-billion-in-market-cap-after-naspers-selldown.html >China's Tencent Holdings saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm's largest shareholder, Naspers, said it would lower its stake for the first time in 17 years. >The Hong Kong-listed stock opened 7.8 percent lower at HK$405, its lowest opening price since Feb. 9, before regaining ground to HK$419.6 by noon. The benchmark Hang Seng Index was down 2.81 percent.