Edition:
India

Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

386.80HKD
25 Apr 2018
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Tencent Music Entertainment To File For IPO In Second Half Of 2018- WSJ
Monday, 23 Apr 2018 

April 22 (Reuters) - :TENCENT MUSIC PLANS TO INTERVIEW UNDERWRITING BANKS OVER MAY 2018; CO TO FILE FOR IPO POTENTIALLY IN SECOND HALF OF 2018- WSJ, CITING SOURCES.  Full Article

Shenzhen Sunline Tech's Shareholders To Sell 7.14 Pct Stake To Tencent Affiliate
Sunday, 22 Apr 2018 

April 22 (Reuters) - Shenzhen Sunline Tech Co Ltd <300348.SZ>::SAYS 10 SHAREHOLDERS AGREE TO SELL A COMBINED 7.14 PERCENT STAKE TO TENCENT'S INFORMATION TECHNOLOGY AFFILIATE FOR 388.7 MILLION YUAN ($61.75 million).SAYS IT SIGNS AGREEMENT WITH TENCENT'S CLOUD COMPUTING AFFILIATE ON CLOUD-RELATED PROJECT.SAYS TRADING IN SHARES TO RESUME ON APRIL 23.  Full Article

Huya Inc Files For U.S. IPO Of Up To $200 Mln
Tuesday, 10 Apr 2018 

April 9 (Reuters) - Huya Inc::HUYA INC FILES FOR U.S. IPO OF UP TO $200 MILLION – SEC FILING.SAYS IT INTENDS TO APPLY TO HAVE ITS ADS LISTED ON NYSE UNDER THE SYMBOL "HUYA".SAYS CREDIT SUISSE, GOLDMAN SACHS (ASIA) L.L.C, UBS INVESTMENT BANK ARE AMONG UNDERWRITERS TO IPO.SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE.  Full Article

Lippo China Resources Says ‍CEI Subscribed For Equity Linked Notes
Thursday, 29 Mar 2018 

March 29 (Reuters) - Lippo China Resources Ltd <0156.HK>::‍CEI ACQUIRED 36,800 TENCENT SHARES FOR ABOUT HK$15.6 MILLION.‍CEI HAS SUBSCRIBED FOR EQUITY LINKED NOTE WHICH ARE LINKED TO TENCENT SHARES AT TOTAL CONSIDERATION OF HK$381.9 MILLION​.  Full Article

Moody's Calls Naspers' Stake Cut In China's Tencent Credit Positive
Monday, 26 Mar 2018 

March 26 (Reuters) - Moody's Investors Service:MOODY'S INVESTORS SERVICE- NASPERS REDUCES ITS STAKE IN TENCENT, A CREDIT POSITIVE.MOODY'S- "DO NOT EXPECT NASPERS TO USE PROCEEDS TO REDUCE DEBT GIVEN ITS LONG-DATED DEBT MATURITY PROFILE AT COMPETITIVE FUNDING RATES".MOODY'S INVESTOR SERVICES- "EXPECT NASPERS TO REDEPLOY CAPITAL INTO NEW GROWTH OPPORTUNITIES".MOODY'S- "SIZABLE CASH BALANCE AND UNDRAWN $2.5 BILLION REVOLVING CREDIT FACILITY (AT NASPERS) WILL ALLEVIATE NEED TO RAISE ADDITIONAL DEBT FOR SOME TIME".MOODY'S- "ESTIMATE THAT THERE WILL BE A NEGLIGIBLE EFFECT ON NASPERS FROM REDUCED DIVIDEND INFLOW FROM TENCENT AS A RESULT OF SMALLER STAKE".  Full Article

Beijing Enlight Media To Sell Stake In New Classics Media To Linzhi Tencent
Monday, 12 Mar 2018 

March 12 (Reuters) - Beijing Enlight Media Co Ltd <300251.SZ>::SAYS TO SELL ITS ENTIRE 27.6 PERCENT STAKE IN NEW CLASSICS MEDIA FOR 3.3 BILLION YUAN ($521.45 million) TO LINZHI TENCENT TECHNOLOGY.  Full Article

Yonghui Superstores Says Tencent Affiliate Linzhi Tencent To Invest In Its Tech Unit
Monday, 29 Jan 2018 

Jan 29 (Reuters) - Yonghui Superstores Co Ltd <601933.SS>::SAYS TENCENT AFFILIATE LINZHI (NOT LINGZHI) TENCENT TO INVEST 187.5 MILLION YUAN ($29.64 million) IN ITS TECHNOLOGY UNIT FOR 15 PERCENT STAKE.SAYS BOARD APPROVES TECHNOLOGY UNIT TO BOOST REGISTERED CAPITAL BY 250 MILLION YUAN.  Full Article

Carrefour CEO says recovery of French business is priority
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Carrefour CEO Aexandre Bompard tells anews conference::CEO SAYS LOOKING FOR BUYERS FOR 273 DIA STORES, IF CANNOT FIND INVESTORS, STORES WILL BE CLOSED.CEO SAYS TO DISPOSE OF NON-STRATEGIC ASSETS WORTH 500 MILLION EUROS.CEO SAYS HAS NO PLANS TO CLOSE ANY HYPERMARKETS, WILL REDUCE SIZE OF SOME HYPERMARKETS.CEO SAYS TO REVAMP ALL ITS INTERNET SITES, WILL HAVE ON SINGLE WEBSITE BY COUNTRY.CEO SAYS TO OPEN 170 NEW DRIVE CLICK & COLLECT POINTS BY END 2018.CEO SAYS TARGETS 5 BILLION EUROS IN ORGANIC FOOD SALES BY 2022 VERSUS 1 BILLION EUROS NOW.CEO SAYS RECOVERY OF FRENCH BUSINESS IS PRIORITY.  Full Article

Yonghui Superstores, Tencent Sign Letter Of Intent With Carrefour To Invest In Carrefour China
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Yonghui Superstores Co Ltd <601933.SS>::SAYS IT, TENCENT HOLDINGS <<<0700.HK>>> SIGN LETTER OF INTENT WITH CARREFOUR <<>> TO INVEST IN CARREFOUR CHINA HOLDINGS NV.SAYS ONE OF ITS OWNERS HAS UNLOADED 1.74 PERCENT STAKE IN THE COMPANY ON JAN 22, TAKING HIS HOLDINGS TO 17.11 PERCENT AFTER TRANSACTION.  Full Article

Carrefour Announces Transforming Partnerships In China
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - CARREFOUR SA ::CARREFOUR ANNOUNCES TRANSFORMING PARTNERSHIPS IN CHINA.POTENTIAL INVESTMENT BY TENCENT AND YONGHUI IN CARREFOUR CHINA.CARREFOUR AND TENCENT SIGNED A PRELIMINARY AGREEMENT REGARDING A STRATEGIC BUSINESS COOPERATION IN CHINA.  Full Article

BRIEF-Rainbow Department Store Signs MoU With Tencent's Affiliate

* SAYS IT SIGNS MOU WITH TENCENT'S AFFILIATE ON COOPERATIONS ON AREAS INCLUDING DIGITAL RETAIL SALES, SMARTECH Source text in Chinese: https://bit.ly/2HW6g7q Further company coverage: (Reporting by Hong Kong newsroom)