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Tencent to distribute $20.3 bln in Meituan shares to shareholders

Reuters · 11/16/2022 03:57
Tencent to distribute $20.3 bln in Meituan shares to shareholders

- China's Tencent Holdings 0700.HK said on Wednesday it will distribute most of its stake worth $20.3 billion in food delivery firm Meituan 3690.HK to its shareholders in the form of a dividend.

The company said it will transfer 958.12 million shares in Meituan, representing approximately 90.9% of the Class B ordinary shares it held in Metiuan.


($1 = 7.8239 Hong Kong dollars)


(Reporting by Brenda Goh, Editing by Louise Heavens)

((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.))