Tencent was reduced by major shareholders?The stock price evaporated 170 billion yuan. What happened to Tencent?

In the Chinese Internet market, Tencent is undoubtedly one of the most concerned companies in the market. As one of the poles of the Chinese Internet, any market actions about Tencent will be discovered and amplified by the market. For example, Tencent's major shareholders have begun to reduce their holdings. It has even triggered the diving of Tencent's stock price. Why would there be such a big response to the reduction of major shareholders? What should we think of Tencent?

1. Tencent was reduced by major shareholders?

According to Red Star News, Tencent Holdings issued an announcement on the Hong Kong Stock Exchange at noon on June 27. The company's major shareholders Prosus and Naspers (hereinafter referred to as "South African Newspaper Group") announced that it will open a long -term and open repurchase plan. The repurchase funds will be obtained through the orderly sale of Tencent's shares in an orderly manner through the South African Newspaper Group.

According to public information, South Africa Newspaper Group is a multinational listed media group in South Africa. It ranks the largest shareholder of Tencent through the control of the PROSUS subsidiary Mih TC Holdings Limited. As of December 31, 2021, the proportion About 28.82%.

First Financial reported that in the 20 years of investment in Tencent, South Africa Newspaper Group has made more than 7,000 times from Tencent, which is the most successful investment in history. As the main shareholders of Tencent, Prosus and South Africa Newspaper Group have reduced their holdings twice in 2018 and 2021, and therefore obtained a huge return.

In the afternoon of June 27, Tencent's stock price once fell from HK $ 400.2/share to 381.6 Hong Kong dollars/share, and the market value of 1 minute evaporated more than 170 billion Hong Kong dollars. As of the close, Tencent's stock price was reported at HK $ 378.2.

Regarding the reasons for holding holdings, according to Bloomberg, Naspers and Prosus have long been "frustrated" for Tencent's shares to be more valuable than their entire company. The reduction is the latest attempt to narrow this discount. They said in the statement that the gap became unacceptable.

2. What happened to Tencent?

To be honest, the biggest feeling of seeing Tencent's reduction this round is that some Zhang Er monk couldn't touch his head. After you really understand it, you feel that this is really a bit crying. What should we think of Tencent? What about reducing holdings? The stock price has evaporated more than 170 billion yuan, what should Tencent's future think?

First of all, we must understand that Tencent's holdings are actually a major shareholder of Tencent, South African Newspaper Group and other series of logic and practices. We have previously said that in the history of Tencent She has made a huge contribution. She is the earliest investor in Tencent and has always held a large number of Tencent's shares. For the current South African newspaper industry group, Tencent has become the South African newspaper group. Investment, this is just like Yahoo holding Alibaba. For South African Newspaper Group, holding Tencent means that this is its best asset, so once what happens in South Africa Newspaper Group, it often often does The biggest idea is to quickly reduce holdings of Tencent's shares to get more benefits. Therefore, we see that for the South African Newspaper Group, the reduction of Tencent's shares is to make money.

Secondly, we look closely at the current market status of the South African Newspaper Group. In fact, the South African Newspaper Group is facing huge market pressure. The core reason is that the South African newspaper group that looks very profitable on the surface is actually a one in the final analysis. Traditional enterprises, so affected by the epidemic, South African Newspaper Group's global investment is facing tremendous pressure. Therefore, in the face of the challenges of the entire market, the South African Newspaper Group's own operating pressure is huge. At this time, Tencent's stock is sold. As a result, more income to support its own development has undoubtedly become the best choice. At the same time, the South African Newspaper Group is actually very depressed. Although he is a major shareholder of Tencent and holds a lot of stocks of Tencent, his own stock performance is very bad, so in such a background, in this background, he The South African Newspaper Group actually wants to change the performance of its own stock market by selling Tencent's stocks, which is also a choice for South Africa Newspaper Group.

Third, for the current situation of Tencent, there is actually no need to worry too much. The core reason is that the South African Newspaper Group as Tencent's major shareholder has some of their own arrangements. Stocks, so we still have to have a more objective and rational judgment on the current situation of Tencent. This is not why Tencent's performance is not good, but that its shareholders themselves have problems. However, from the perspective of standing in the capital market, Tencent's major shareholders have a relatively large -scale reduction. In fact, it is not good for Tencent, because Tencent's shareholders are scattered. Once Tencent's major shareholders will continue to reduce Tencent's stocks, it is likely that it will lead to such problems in the management of Tencent's capital market. If Tencent's equity is more scattered due to this move, it is undoubtedly very unfavorable to Tencent's development.

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