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。

酶研究显示量子计算向药物发现迈进一步

科学家已利用这项技术模拟蛋白质分子的行为

欢迎来到“大蛰伏”时代

为什么没有更多人辞职?

“迷因股之王”大胆收购eBay能否成功?

瑞安•科恩正试图促成一笔560亿美元的交易,将视频游戏零售商“游戏驿站”与在线市场eBay合并。

为什么施罗德家族选择出售

在家族掌门人去世与美国巨头基金崛起之后,英国最大的独立资产管理公司被出售。

公司威胁涨价,消费者将面临更多痛苦

高管警告称,若能源冲击持续,企业将面临更大压力,把成本转嫁给客户。

中国收紧对生产商竞争的监管后,太阳能电池板价格上涨

在一场令头部厂商亏损惨重的价格战之后,价格反弹或将宣告“电池价格不断走低”时代的终结。
设置字号×
最小
较小
默认
较大
最大
分享×