Top Tencent Investor Naspers Considers Selling Meituan Shares
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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