Tencent's major shareholders reduced their holdings by 1.115 million shares to less than 28%.

On September 9, according to foreign media reports, Tencent's major shareholder Naspers and its Prosus announced on Thursday that they had reduced their holdings of 1.115 million Tencent shares on the same day.

According to the news posted by Naspers and Prosus on their website, the 1.115 million Tencent shares they sold on Thursday were specifically sold by Prosus. After the reduction, their shareholding in Tencent fell to less than 28%, to 27.99%.

On Thursday, the lowest intraday price of Tencent shares was 300.2 Hong Kong dollars, and Prosus sold 1.115 million shares, meaning they cashed out more than 330 million Hong Kong dollars.

News posted by Naspers and Prosus on their website also showed that Prosus reduced its stake in Tencent to tie in with their share buyback plan.

Prosus also revealed in the news posted on its website that as part of the continued implementation of the buyback program, they have taken administrative measures to deposit their 192 million Tencent shares in the corresponding settlement and settlement system in the form of vouchers, which will be traded in an orderly manner in accordance with the buyback plan over time.

Tencent has issued more than 9.6 billion shares, with major shareholder Naspers holding more than 2.7 billion shares in August last year, according to the official website of the Hong Kong Stock Exchange. Ma Huateng, the main founder of the company, also holds a large number of shares, more than 800 million shares.