Another rough day for Naspers as it implements Prosus share swap
Naspers loses more than R50bn as a crackdown by Chinese authorities on technology firms continues to hamper its prospects
16 August 2021 - 19:51
UPDATED 17 August 2021 - 16:04
Naspers has completed a controversial deal to set up a cross-holding structure with subsidiary Prosus meant to reduce its weighting on the JSE, ending a process that has been opposed by some investors.
On Monday, Prosus said it had completed the deal to set up a cross-holding structure between the two companies through a complex share swap. ..
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