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| Name | Symbol | Market | Type |
|---|---|---|---|
| Naspers Ltd (PK) | USOTC:NPSNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.69 | -3.77% | 43.10 | 42.92 | 43.09 | 43.30 | 42.78 | 42.78 | 22,534 | 16:06:05 |
From May 2022 to May 2024
By Clarence Leong
Naspers Ltd. unit Prosus NV has disposed of its entire stake in Chinese company JD.com Inc. for about $3.67 billion.
Amsterdam-based internet company Prosus said Monday that its sale of JD.com shares, which amounted to a roughly 4% stake, was carried out through several sales on the open market and concluded last Friday.
Prosus carried out the disposal in part because JD.com "doesn't form part of the group's core strategic focus," it said. It plans to use the proceeds for general corporate and liquidity purposes.
Tencent Holdings Ltd. in December issued class-A ordinary shares of JD.com to some of its shareholders, including Prosus, as an interim dividend to substantially reduce its stake in the e-commerce giant. Prosus had received more than 131 million shares.
Write to Clarence Leong at clarence.leong@wsj.com
(END) Dow Jones Newswires
June 27, 2022 03:59 ET (07:59 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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