On April 11, local time, Prosus, the majority shareholder of Tencent Holdings, announced that it would repurchase its own shares and those of its holding company, Naspers, again.。As part of the plan, the company wants to sell 96 million shares of Tencent Holdings.。In addition, the Company has deposited the above-mentioned shares in the form of certificates in the Hong Kong Central Clearing System to ensure that they can be traded in an orderly manner in the market.。

It is reported that Naspers is a multinational listed South African media giant, has been founded for 100 years。In 2001, MIH, a subsidiary of Naspers holding company Prosus, bought Tencent 46 for $32 million..5% stake and become its majority shareholder。As a significant shareholder of Tencent, the group has previously had two reductions in Tencent holdings, in 2018 and 2021.。According to statistics, the company has earned more than 7,000 times during its investment in Tencent.。

On June 27, 2022, Prosus and Naspers announced that they would open an "unlimited repurchase program" for their own shares.。The group said it would methodically and regularly sell its shares in Tencent Holdings to buy back its own shares by cashing out, and said it did not expect the average daily turnover of Tencent shares sold to exceed the average daily turnover of about 3-5% of the company's shares.。

At that time, the market believed that Naspers Group did not hesitate to break its "three years not to reduce Tencent" commitment, insisting on cash buybacks, mainly to save its own share price.。

Starting in April 2021, Naspers shares have experienced a wave of sharp declines。As of May 2022, Naspers shares have fallen more than 50% from their April 2021 highs。

Tencent Holdings closes down 5 on day, dragged down by news.15% at 357.2 Hong Kong dollars。

Steven Leung, executive director of Dahua Jixian, said that if Tencent's share price rises to HK $400, the group's sell-off is expected to accelerate.。He also said that Tencent has been buying back their shares to offset the market impact of the daily sell-off by major shareholders, but this does not allay market concerns。

According to the news, as of March 31, Tencent had a total of 16 days of buybacks this year, with 12,473,100 shares repurchased and 46 capital invested..HK $2.9 billion。The average repurchase price is HK $371 / share, and the average daily cost is about 2.HK $8.9 billion。

Swiss United Private Bank said that whenever news of Prosus's sale of Tencent shares comes out, it will hit its share price, but the sale does not affect Tencent's fundamentals。