Naspers denied it is in talks with a Chinese investment company regarding selling its stake in Tencent. Naspers issued a statement on Sens on Tuesday morning in response to an article published by Asian Tech Press, which claims the state-owned Chinese investment group CITC is in talks with Naspers to buy all the Tencent shares it owns. Naspers labelled the article as “speculative and untrue”.
Read: Prosus cuts Tencent stake in latest pullback from Chinese firms “The Naspers board and Prosus board reiterate their continued confidence in Tencent’s long-term prospects and continue to believe that the share repurchase programme is in the best interests of Prosus, Naspers and their respective shareholders.” The Asian Tech Press article stated unnamed “sources close to CITIC” confirmed the talks and CITIC’s intention to take a controlling interest in Tencent.
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