Future Tech

Naspers, Prosus to sell Tencent shares to fund buybacks

Tan KW
Publish date: Mon, 27 Jun 2022, 02:56 PM
Tan KW
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Future Tech

Chinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa's Naspers Ltd and Prosus, that they would start a long-term, open-ended share repurchase programme.

The programme would be funded by on-market sales of Tencent's shares held by the two companies, Tencent said.

 


  - Reuters

 

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