Naspers Denies Press Report About Sale of Tencent Shareholding
November 01 2022 - 4:25AM
Dow Jones News
By Kyle Morris
Naspers Ltd. said Tuesday that a press report that claims a
Citic-lead group is in talks to buy all the Tencent Holdings Ltd.
shares owned by the group is speculative and untrue.
The South African company said its open-ended share repurchase
program continues and reiterated its confidence in Tencent's
long-term prospects.
It added that it continues to believe the share repurchase
program is in the best interests of Prosus, Naspers and
shareholders.
The article was published on Oct. 31 by Asian Tech Press.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
November 01, 2022 04:10 ET (08:10 GMT)
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