Naspers Deposits 96M TENCENT Shrs into CCASS, Likely Planning for Reduction
South Africa's $NASPERS LTD ADR(NPSNY.US$ and its subsidiary $Prosus N.V. Sponsored ADR(PROSY.US$, major shareholders of $TENCENT(00700.HK$ , are planning another round of stake reduction.
Prosus recently deposited HK$29 billion worth of TENCENT shares into the Central Clearing and Settlement System (CCASS) and logged the position under $Goldman Sachs(GS.US$ , signalling that Naspers may be embarking on another round of stake reduction.
According to data from $HKEX(00388.HK$ , about 96 million TENCENT shares were deposited into CCASS on 17 October. Based on the closing price of HK$302.2 on that day, the value of the shares was HK$29 billion.
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