Printer Friendly

Pony Ma trim stake in Tencent, sparks jitters.

Jan 21, 2020 (China Knowledge) - Tencent chairman Pony Ma has unloaded his shares over the last four days last week, selling a total of five million shares worth about HKD 2 bln, based on data from the Stock Exchange of Hong Kong.

Ma has trimmed his stake in Tencent, dropping his interest from 8.58% to 8.53% in Tencent. This has been occurred in line with Ma's personal financial planning, said a spokesperson at from Tencent.

Tencent's shares have rose around 53% from a low of HKD 260 in October 2018, as of yesterday.

Earlier this month, Tencent's president Martin Lau Chi-ping sold 500,000 Tencent shares for HKD 192 mln, at an average HKD 384.18 per share, according to shareholding disclosures.

COPYRIGHT 2020 China Knowledge Newswires Pte Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2020 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:China Knowledge Newswires
Date:Jan 22, 2020
Words:124
Previous Article:China to increase imports from U.S. based on 'market principles'.
Next Article:Hong Kong market fell with pre-holiday profit taking, Wuhan pneumonia fails to weigh down China markets.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters