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Business · Equity
Pony Ma trim stake in Tencent, sparks jitters
2020/01/21 06:26:52
 Tencent, share sale, shares selloff, Pony Ma

Jan 21, 2020 (China Knowledge) - Tencent chairman Pony Ma has unloaded his shares over the last four days last week, selling a total of five million shares worth about HKD 2 bln, based on data from the Stock Exchange of Hong Kong.

Ma has trimmed his stake in Tencent, dropping his interest from 8.58% to 8.53% in Tencent. This has been occurred in line with Ma’s personal financial planning, said a spokesperson at from Tencent. 

Tencent's shares have rose around 53% from a low of HKD 260 in October 2018, as of yesterday.

Earlier this month, Tencent’s president Martin Lau Chi-ping sold 500,000 Tencent shares for HKD 192 mln, at an average HKD 384.18 per share, according to shareholding disclosures.

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