The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

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...
Go To Original Source →
Tags: board of directors | capital | cash | chairman | China | currency | data | delivery | Evergrande | Hong Kong | Hong Kong Stock Exchange | IT | KONG | loss | media | network | news | performance | production | real estate | Renminbi | revenue | stock exchange | Tencent | Yuan

Other Related News:

How would a government shutdown affect US foreign policy?

September 30, 2023

Voice to Parliament referendum 'prime target' for foreign interference on Elon Musk's X, former executive warns

September 30, 2023

US-Saudi defence pact tied to Israel deal, Palestinian demands put aside

September 30, 2023

I've spent 15 years getting to grips with my looks so there's Strictly tradition I refuse to follow, says Angela Scanlon

September 30, 2023

AI revolution in gaming paves terrifying path to sport’s total digital dissolve

September 30, 2023

History shows this pullback in Apple may have further to go

September 29, 2023

Sony Music UK, UMG, Beatport and More Music Industry Executive News

September 29, 2023

Apple expressed concern over China's foreign app restrictions: Report

September 29, 2023

Apple fights to preserve Chinese App Store loophole

September 29, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter