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Prosus to Further Slash Stake in MEITUAN-W: Wire
Prosus, a subsidiary of TENCENT (00700.HK)'s major South African shareholder Naspers, has recently begun reducing its stake in MEITUAN-W (03690.HK), Bloomberg News reported, ci...
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Prosus to Further Slash Stake in MEITUAN-W: Wire
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Prosus, a subsidiary of TENCENT (00700.HK)  +12.500 (+2.336%)    Short selling $668.66M; Ratio 17.456%   's major South African shareholder Naspers, has recently begun reducing its stake in MEITUAN-W (03690.HK)  -0.500 (-0.409%)    Short selling $987.08M; Ratio 45.958%   , Bloomberg News reported, citing sources.

Over the past two weeks, Prosus has sold around USD250 million worth of MEITUAN-W shares, and it is possible that it will offload more shares down the road. The proceeds from the sale are expected to be used by the company to develop other e-commerce brands.

Related NewsCMSI Names TENCENT as Top Pick in CN Internet Sector w/ TP Lifted to HKD670
According to disclosures on the Prosus website, the company currently holds 257.5 million MEITUAN-W shares, with a market value of around HKD32.8 billion (about USD4.2 billion) based on yesterday's (30th) closing price.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-04 12:25.)

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