Tencent Holdings repurchased essentially the most variety of shares in almost twenty years after the tech agency was added to a US blacklist for alleged hyperlinks to the Chinese language navy.
China’s most dear firm purchased again 3.93 million Hong Kong-listed shares on Tuesday, essentially the most since April 2006, knowledge reveals.
The inventory fell 7.3% to the bottom in over three months even because the social media big denied the allegations. The corporate will work with the division of defence to deal with any misunderstanding.
Tencent has stepped up efforts to extend returns to shareholders, although the HK$1.5-billion (R3.7-billion) buy on Tuesday alerts urgency to include the fallout from the blacklist.
Traders in mainland China snapped up HK$14-billion value of Tencent shares through the hyperlinks with Hong Kong on Tuesday, making it essentially the most bought inventory on the day. — Charlotte Yang, with Julie Chien and April Ma, (c) 2025 Bloomberg LP
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