Naspers does not plan to buy back its own shares, which are trading at a significant discount to its stake in Tencent, CEO of the internet holding company Bob van Dijk says. While some investors have called on Naspers to buy back its stock, Van Dijk said that the company would be "missing out on great opportunities". "We’re a cash-consuming company … and we have lots of opportunities that we’re putting cash against, and if you now decide to use your money to buy back shares, you’ll see a temporary increase in your share price and people will take short-term profit — and then what? "A lot of the discount has been driven by structural factors that have very little to do with what we’re doing as a company, so to now throw away the future growth to satisfy short-term returns, we just don’t want to do that," he said. Naspers would also not unbundle its Tencent investment, as "we are tremendous believers in the further potential" of the Chinese internet giant, and the move would yield sho...

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