Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
TENCENT Axes Holdings in WEIMOB INC, UBTECH ROBOTICS; Funds to Be Used for Shareholder Returns/ New Investments
Recommend 21 Positive 47 Negative 31 |
||||
|
||||
|
TENCENT (00700.HK) recently reduced its holdings in WEIMOB INC (02013.HK) and UBTECH ROBOTICS (09880.HK). TENCENT told the Securities Times that it will actively review its investment portfolio and assess potential adjustments to allocate funds for shareholder returns or new investment projects. WEIMOB INC opened 14.78% lower today (10th), once bottoming at $1.85 with a slump of 42%. It last printed at $1.94, down 38.99%, on a volume of 1.337 billion shares, involving $2.967 billion. TENCENT slashed its holdings in WEIMOB INC on Monday (6th) from 6.55% to 2.94% by selling nearly 122 million shares at an average price of $3.4 per share, cashing out nearly $4.15 billion. UBTECH ROBOTICS opened 3.11% lower today, bottoming at $46.05. It last printed at $46.35, down 9.91%, on a volume of 10.7949 million shares, involving $521 million. On January 3 and 7, TENCENT cut its holdings in UBTECH ROBOTICS from 8.05% to 2.08% by selling a total of 19.0426 million shares in the market, cashing out nearly $1.035 billion. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
