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China Evergrande reduced its holdings of 330 million shares of Hengteng Network to cash out 717 million Tencent as the largest shareholder-News-cnBeta.COM

November 7, 2021
Source: archynewsy.com archynewsy.com
News Snapshot:
According to news on November 5, according to media reports, the equity data of the Hong Kong Stock Exchange showed that China Evergrande sold Hengteng Network shares successively on November 4 and 5.The total cash out is about 717 million Hong Kong dollars, and the shareholding ratio has dropped from 26.55% to 22.98%.It is reported that after this reduction,China Evergrande will no longer be the largest shareholder of Hengteng Networks, and Tencent will become the largest shareholder with a 23.9% shareholding;Evergrande holds 22.98% of the shares and is the second largest shareholder. Affected by the reduction of China Evergrande, the...
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