Analysts bullish over effects of Tencent’s divestment plans on Prosus investors
11 September 2022 - 17:24
A move by Chinese internet giant Tencent to slim down its investment portfolio may bode well for investors, even those in SA, market players say. This comes as Prosus continues to sell down its stake in Tencent as part of an effort to fund an ongoing share buyback.
Tencent is planning to divest about $14.5bn of its $88bn listed equity portfolio, the UK’s Financial Times reported last week...
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