Naspers, a major shareholder of Tencent, reduced its stake by nearly 790000 shares, bringing its shareholding to less than 26%.

Thanks to CTOnews.com netizen Xiao Zhan for the clue delivery! April 26 news, according to foreign media reports, in the second half of last year has been reduced several times, the proportion of shares continue to decline, Tencent major shareholder Naspers is still in the process of reducing the company's shares, local time on Tuesday to reduce nearly 790000 shares.

Naspers and its non-wholly owned subsidiary Prosus announced on their official website on Tuesday that Prosus reduced its stake in 789600 Tencent shares to 25.99% on the same day.

According to the news posted by Naspers and Prosus on their website, Prosus reduced its stake in Tencent in order to continue its share buyback. Prosus has bought 566392 shares of Naspers from April 17 to 21.

However, judging from the disclosure, the sale of 789600 shares on Tuesday is not the first time that Prosus has reduced its stake in Tencent this year, but for the first time this year, and they also said on their website that they need to disclose relevant information when Prosus's stake in Tencent changes by more than one integer percentage point.

According to Tencent's 2022 annual report, as of December 31 last year, Naspers held 2577168400 Tencent shares, or 26.93 per cent, through MIH Internet Holdings B.V, a wholly-owned subsidiary of Prosus. Based on this figure, Naspers's stake in Tencent has fallen by nearly 1 percentage point in less than four months.