Ma Huateng reduced Tencent's holdings by nearly million Hong Kong dollars in three days

Sina Technology news on the evening of January 5, the Hong Kong stock exchange announced today that Tencent (0700.HK) Chairman Ma Huateng on December 29-31, 2008, respectively at an average price of 49.466 Hong Kong dollars, 49.837 Hong Kong dollars and 49.742 Hong Kong dollars, the company reduced its holdings by 2 million shares and cashed in HK $99.441 million, with the shares reduced from 11.96% to 11.85%.

In nearly half a year, Ma Huateng frequently sold and sold Tencent shares. In the middle of 2008, Ma Huateng reduced his holdings by May 26 Shares in 0.3 million, with an average price of 67.24 Hong Kong dollars per share. In May 30, he reduced his holdings by 50 thousand shares, with an average price of 69 Hong Kong dollars per share. In June 2, he reduced his holdings by 0.3 million shares and an average price of 69.016 Hong; in June 5, the shares were reduced by 0.2304 million, with an average price of HK $71.075 per share.

In the above four cases, a total of HK $60.69 million was cash out, and its shares fell to 12.64%.

Subsequently, during the trading day from the 20th to the 25th, Ma Huateng reduced the company's stock by 11.847 million shares again, based on the average closing price of 40.525 Hong Kong dollars during the period, in November, Ma Huateng provided a cash package of HK $0.48 billion, and its shares fell again after this round of reduction. However, Tencent did not announce the latest data.

According to the above-mentioned disclosure estimates, the cash amount of Ma Huateng within six months shall reach at least HK $0.58 billion.

In addition to Ma Huateng, Tencent's other executives also frequently reduced their cash holdings. Tencent said that the reduction of executives is purely personal and has nothing to do with the company's strategy. Analysts believe that Tencent's share price has reached a high level in stages, and executives are reducing their holdings to verify the management's judgment on the share price.

Tencent's share price closed at HK $52.4 today, up 0.769%. The highest weekly price for the stock is 72.05 Hong Kong dollars, and the lowest price for 52 weeks is 34 Hong Kong dollars. (Han Zhi)