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An announcement from Prosus ( (NL:PRX) ) is now available.
Prosus announced an update to its ongoing repurchase program, selling a total of 1,132,100 ordinary shares in Tencent, which reduced its ownership stake in Tencent to 22.99883%. This move requires Prosus and Naspers to make a Disclosure of Interest notification to the Stock Exchange of Hong Kong Limited. The repurchase program continues without modifications, reflecting Prosus’s strategic management of its investment portfolio.
More about Prosus
Prosus is a global consumer internet group and one of the largest technology investors worldwide. It focuses on building leading consumer internet companies in sectors such as online classifieds, food delivery, payments, and fintech. Prosus is listed on Euronext Amsterdam and has secondary listings on the Johannesburg Stock Exchange and A2X Markets. The company is majority-owned by Naspers.
Find detailed analytics on PRX stock on TipRanks’ Stock Analysis page.