Tencent’s biggest investor to trim stake - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
腾讯

Tencent’s biggest investor to trim stake

A unit of South African group Naspers to offload a 2 per cent holding but remain largest shareholder
00:00

{"text":[[{"start":10.73,"text":"South Africa’s Naspers internet group said it will sell up to 2 per cent of Tencent, raising about $14.5bn and cutting its stake in China’s most valuable company for just the second time in two decades. "}],[{"start":25.59,"text":"Prosus, the Dutch-listed international arm of Naspers that holds the Tencent stake, said on Wednesday that cash from the sale will “increase its financial flexibility to invest in growth” in an emerging-market internet empire that extends across Indian online payments, South American food delivery and Russian social media. "}],[{"start":46.03,"text":"The offering to institutional investors, made just after a three-year lock-up expired on a first sale of shares in 2018, is “understood and supported by Tencent”, said Prosus, which pledged to avoid selling for another three years. "}],[{"start":61.54,"text":"The sale will reduce Prosus’s stake to just under 29 per cent, a stake that keeps it as the biggest shareholder in the Chinese gaming and social media giant. "}],[{"start":72.63,"text":"Johannesburg-listed Naspers has rarely cashed in on the $32m investment that it made in a then little-known Chinese start-up in 2001 under its former chief executive, Koos Bekker, that is now worth nearly $240bn. "},{"start":89.447,"text":"It has proved one of the greatest venture capital bets. "}],[{"start":93.33,"text":"The association with Tencent transformed the former apartheid-era publisher into a global internet group and made it Africa’s biggest company by market value. "}],[{"start":103.50999999999999,"text":"But the value of the stake has also dwarfed Naspers’ own $100bn market capitalisation, in effect ascribing no worth to its other businesses. "},{"start":113.23899999999999,"text":"Tencent’s meteoric rise led Naspers to dominate its local bourse, forcing South African investors to offload its shares to diversify their portfolios. "}],[{"start":123.82,"text":"In 2018, Naspers sold 2 per cent of Tencent for the first time, raising $10bn. "},{"start":131.262,"text":"A year later, Naspers listed the stake and other international internet investments as Prosus, retaining 73 per cent, in order to reduce the valuation mismatch further. "}],[{"start":143.67,"text":"But the discount has persisted as Tencent shares continued to rise and Naspers surged to take up about a fifth of Johannesburg’s stock market again. "},{"start":153.012,"text":"Naspers launched a $5bn buyback of its stock last year. "}],[{"start":158.57999999999998,"text":"Prosus has become a dealmaking vehicle despite losing a bidding war for the UK’s Just Eat to Takeaway last year. "}],[{"start":166.7,"text":"Bob van Dijk, chief executive of Naspers and Prosus, has signalled that the group will use billions of dollars in cash reserves to pursue other deals. "}],[{"start":176.92999999999998,"text":"“Through the sale of this small portion, Prosus intends to fund continued growth in our core business lines and emerging sectors, as well as allow for complementary acquisitions,” Bekker, now chair of Naspers and Prosus, said on Wednesday. "}],[{"start":192.53999999999996,"text":"The latest Tencent shares up for sale by Prosus are worth about the same as the enterprise value of Just Eat Takeaway. "}],[{"start":200.75999999999996,"text":"Citigroup, Goldman Sachs and Morgan Stanley have been appointed as joint book runners to manage the transaction. "},{"start":208.07699999999997,"text":"Prosus is offering the shares at between HK$575 and HK$595, representing a 5.5 per cent to 8.7 per cent discount to Wednesday’s close of HK$629.50, said one person with direct knowledge of the deal. "}],[{"start":228.93999999999997,"text":"Naspers has always been wary of a wholesale sell-off or parcelling out of the Tencent stake to shareholders because of the multibillion dollar tax bills that would ensue. "}],[{"start":240.05999999999997,"text":"Additional reporting by Mercedes Ruehl "}],[{"start":242.75999999999996,"text":""}]],"url":"https://creatives.ftacademy.cn/album/001092071-1617841545.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

特朗普媒体收购核聚变公司:金融与核聚变的共通之处

Lex专栏:现金随处可得,但股市的热情却是稀缺的礼物。煤炭与现金壳已过时,如今当红的是聚变和炒作。
6小时前

普京就欧盟冻结资产发出报复威胁 欧盟各国感到不安

意大利、比利时和奥地利担心俄罗斯针对其企业采取行动。

派拉蒙与Netflix为争夺华纳兄弟探索的角力

华纳兄弟探索拒绝了派拉蒙的收购要约,为这场可能重塑好莱坞的收购拉锯战再添变数。

Lex专栏:马斯克收购推特的剧本无助于华纳兄弟收购案

华纳兄弟探索希望拉里•埃里森提供万无一失的个人担保,就像马斯克在收购推特时所做的那样。

万斯力挺特朗普经济政策,试图扭转舆论风向

美国副总统呼吁民众在生活成本负担能力问题上保持耐心,他还把美国顽固的通胀归咎于前总统拜登。

风向逆转:生活成本负担能力问题让特朗普陷入困境

美国总统将生活成本负担能力问题斥为“骗局”,遭遇民众的强烈反弹。
设置字号×
最小
较小
默认
较大
最大
分享×