China Science and Technology Giant Tencent Holdings announced on Wednesday (November 16) that it has reduced its holdings of approximately 958 million Meituan shares in the form of distribution, accounting for about 90.9% of the US group B ordinary shares.Essence
According to China Securities Network report, Tencent announced on November 16 that the board of directors decided that according to the qualified shareholders holding the benchmark for each 10 shares of US group B ordinary shares,Methods Xuanpai was indirectly held by the company through the HUAI RIVER and TML of about 958 million U.S. Group B ordinary shares as special mid -term dividends.At the same time, Liu Chiping, president of Tencent, announced his departure as a director of Meituan.
Based on November 15, the market price of HK $ 166.4 (about S $ 29) was calculated that the total market value of Meituan shares to be divided into was about 159.4 billion Hong Kong dollars. The distribution is expected to be completed in March next year.
Earlier, Tencent owned about 17%of Meituan's shares. After this dividend, Tencent will continue to hold less than 2%of Meituan.
Tencent said that after assigning Meituan Co., Ltd. and the group's board of directors resigned, Meituan will no longer be used as Tencent's associates.Tencent's investment in Meituan will be specified as a financial assets measured at fair value and their changes are included in other comprehensive income. The corresponding income will be confirmed in the fourth quarter of this year.
Reuters quoted the financial report released by Tencent Holdings on Wednesday that as of the third quarter of September 31, Tencent's revenue fell by 2%to 140 billion yuan (RMB, the same below, about 27 billion new new new new new new new new new new.Yuan), which was 142.3 billion yuan in the same period last year.
Reported that the demand for video games as one of Tencent's key income sources is still weak this quarter. Among them, domestic game revenue shrinks by 7%to 31.2 billion yuan, and online advertising sales have fallen by more than 5%to 215100 million yuan.
According to the statistics of Reuters, as of the previous quarter, since Tencent was listed in 2004, almost every three months of reporting period has increased by double digits, but as China began to have technology at the end of 2020,The industry is targeted, and its expansion has stopped.
On the other hand, the technology giant headquartered in Shenzhen is undergoing layoffs and closing some business that does not make money in order to resume growth.
Reuters reported on Tuesday (15th) that the company's new round of layoffs are mainly video streaming media, games and cloud computing departments, but the scale of layoffs cannot be determined.
According to Tencent's third quarter financial report, as of the end of September, the number of Tencent workers decreased by 1875 to 108,836.Earlier, the number of people in the second quarter had decreased by 5,498, a decrease of nearly 5%from the first quarter.
Tencent's financial report was announced after the stock closed that day.As of the closing, Tencent's stock price rose 2.22%on the day to HK $ 294.4 per share, and the stock price of Meituan fell 2.46%on the day to report to HK $ 162.3 per share.
