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AMSTERDAM - Prosus (OTC:PROSF) N.V. (AEX:PRX) sold 371,000 ordinary shares in Chinese tech giant Tencent (HK:0700) on Thursday, reducing its ownership stake to 22.996%, according to a company statement.
The sale was made as part of Prosus’s ongoing open-ended share repurchase program that was first announced on June 27, 2022. The program involves buying back Prosus N ordinary shares and Naspers N ordinary shares from their respective free-float shareholders.
Following the transaction, Prosus and its parent company Naspers will submit required Disclosure of Interest notifications to the Stock Exchange of Hong Kong Limited. Such disclosures are mandatory whenever Prosus’s shareholding in Tencent crosses a whole percentage threshold.
The company stated that the repurchase program will continue "on the same basis as before with no modifications."
Prosus, a global consumer internet group, maintains primary listing on Euronext (EPA:ENX) Amsterdam with secondary listings on the Johannesburg Stock Exchange and A2X Markets. The company focuses on online classifieds, food delivery, payments, and financial technology investments.
The information was disclosed in a company press release issued Thursday.
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