Caixin
Nov 24, 2022 08:33 AM
BUSINESS

Top Tencent Investor Naspers Considers Selling Meituan Shares

Tencent announced a special distribution of 958 million Meituan shares to shareholders on Nov. 16, 2022.
Tencent announced a special distribution of 958 million Meituan shares to shareholders on Nov. 16, 2022.

Prosus NV, the Dutch unit of Tencent Holdings Ltd.’s largest shareholder Naspers Ltd., said it will consider selling the $4.6 billion of Meituan shares it will receive from Tencent as a special dividend.

South African media giant Naspers owns about 28% of the Chinese internet giant indirectly via Prosus. On Nov. 16, Tencent announced a special distribution of 958 million Meituan shares to shareholders. Naspers will receive nearly 262 million shares. Based on Meituan’s closing price Wednesday of HK$138.4 ($17.70) a share, the dividend will be worth about HK$36.1 billion ($4.6 billion) to Naspers.

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