Shulou(Shulou.com)12/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com November 30 news, local time on November 29, Tencent major shareholder, South Africa Naspers Group Holland subsidiary Prosus announced results, the first half of the fiscal year to the end of September, consolidated revenue rose 13% year-on-year to $2.56 billion, core income increased 118% year-on-year to $2 billion. Prosus expects core overall earnings per share to fall 21% to 28% in fiscal 2024.

In addition, Prosus disclosed that it had sold about 1 per cent of Tencent shares in the first half of the fiscal year (April to September this year), reducing its stake from 26.2 per cent to about 25 per cent, making a gain of $4 billion. According to Prosus, the cash amount was used to buy back its own shares. Subsequently, between October and November 24, Prosus sold about 26.22 million Tencent shares for a profit of $1 billion.

According to a report in the Wall Street Journal in July this year, Prosus expects its stake in Tencent to fall by 2 to 3 percentage points a year, to about 24% and 25% by the end of this year. Data show that when Prosus announced in June 2022 that it would sell Tencent shares to finance buybacks, it still held about 29% of Tencent's shares.

In 2001, Naspers bought a 46.5 per cent stake in Tencent for $33 million (CTOnews.com Note: about RMB 236 million). Since then, the proportion has declined due to factors such as equity issues, but it is still Tencent's largest shareholder. On June 16, 2004, Tencent was officially listed and opened at HK $4.375, 18.24% higher than the offering price.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.