tencent: Naspers and Prosus to sell Tencent shares to fund buyback

Chinese software giant tencent Holdings said on Monday it took note of a statement from two of its shareholders, the South African Naspers LLC and prosusthat they will launch a long-term perpetual share buyback program.

Tencent said the program will be financed by selling Tencent’s shares, owned by both companies, on the market.

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