Tech giant Naspers' European spinoff in stunning debut
The subsidiary groups all of Naspers' internet investments outside of its home market, with investors in particular interested in its 32% stake in Shenzhen-based internet giant Tencent.
The hold-up has battered shares of market leaders like Tencent, which have plunged since the company said it had been ordered to remove the hit game from sale, only days after its debut.529 days ago
The stocks were set to open at HK$405, the lowest opening price since 9 February. That compared with a 3.67% fall in the benchmark index.674 days ago
Naspers said it planned to sell 190 million Tencent shares reducing its stake to 31.2%, triggering volatile trade in its stock.675 days ago
The company made the bulk of its revenue from Chinese Internet portal, Tencent.1888 days ago