Edition:
United States

Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

197.80HKD
23 Jan 2017
Change (% chg)

HK$0.10 (+0.05%)
Prev Close
HK$197.70
Open
HK$196.40
Day's High
HK$199.30
Day's Low
HK$196.40
Volume
7,059,398
Avg. Vol
15,845,633
52-wk High
HK$220.80
52-wk Low
HK$132.10

Latest Key Developments (Source: Significant Developments)

SoftBank Group units to sell entire 72.2 percent stake in Supercell Oy to Tencent for $7.3 bln
Tuesday, 21 Jun 2016 06:16am EDT 

SoftBank Group Corp <9984.T>: Says its subsidiaries, Kahon 3 Oy and SoftBank Group Capital Limited entered into a definitive agreement with Tencent Holdings Limited <0700.HK>(Tencent) to sell all of their 72.2 percent stake in Supercell Oy to Tencent for $7.3 billion .Say Supercell Oy is engaged in production and distribution of mobile game applications, based in Finland.  Full Article

Softbank to sell Supercell stake at USD 10.2 billion valuation
Tuesday, 21 Jun 2016 06:09am EDT 

Softbank Group Corp <9984.T> : Softbank to sell Supercell stake at USD 10.2 billion valuation . Says Tencent is anticipated to syndicate its interests in buyer . SBG's 2 units will get dividend of about $0.4 billion (approximately JPY 43 billion) from Supercell prior to closing of transaction . SBG currently expects to record around JPY 600 billion of pre-tax gain under discontinued operations for FY ending March 31, 2017 . Net income/loss of Supercell for fiscal year ended March 31, 2016 will also be revised retroactively . SBG's 2 units will divest entire 72.2% stake in Supercell to buyer for aggregate cash consideration of approximately USD 7.3 billion . Upon transfer of shares, Supercell will no longer be a subsidiary of SBG . Net income/loss of Supercell for FY ended March 31, 2016 will also be revised retroactively, to appear under discontinued operations . Expects to record around JPY 600 billion of pre-tax gain under discontinued operations on statements of income for FY ending March 31, 2017 . Proceeds from sale to be realized in 3 payments; 1st payment expected in Aug 5, 2016, 2nd payment Nov 3, 2016, 3rd payment Aug 5, 2019 .SBG's two subsidiaries are expected to receive a dividend payment prior to date on which Supercell shares are transferred.  Full Article

Tencent to buy majority stake in Supercell from SoftBank
Tuesday, 21 Jun 2016 06:09am EDT 

Softbank Group Corp <9984.T> : Consortium established by tencent will acquire up to 84% of supercell in transaction valuing co at equity value of about $10.2 billion . Following transaction, supercell will be owned by consortium and by supercell's employees . Softbank will no longer own any shares in supercell following closing . Supercell will retain its independent operations, headquarters will remain in helsinki . Following closing, tencent currently expects to maintain a voting interest of 50% in consortium . Tencent and supercell have entered into marketing and publishing arrangements regarding distribution of games developed by supercell in china . Says morgan stanley & co. International plc served as financial advisor to supercell . Says fenwick & west llp and white & case llp as legal advisors to supercell . Says BofA Merrill lynch served as financial advisor to tencent .Tencent to acquire majority stake in supercell from softbank.  Full Article

Tencent Holdings to acquire majority stake in Supercell<0700.HK><9984.T>
Tuesday, 21 Jun 2016 05:55am EDT 

Tencent Holdings Ltd <0700.HK>: Discloseable transaction relating to Tencent's participation in a consortium acquisition of a majority interest in Supercell OY <0700.HK> . Board is pleased to announce that on 21 June 2016, consortium agreed to acquire a majority equity interest in Supercell . The aggregate consideration, payable in three installments, is currently expected to be approximately US$8.6 billion . Company and supercell have entered into certain marketing and co-operation arrangements regarding the distribution in the PRC of games . "Supercell's current management will maintain their operational Independence and supercell will continue to be based in Finland" . Company, consortium, buyer and supercell have also entered into a shareholders' agreement with supercell employee shareholders . Upon potential co-investors joining consortium, the company currently expects to maintain a 50% voting interest in the consortium . Company expects that no potential co-investors will acquire control over the consortium . Purchase price payable expected to be funded by buyer with an investment by company through consortium of about US$3 billion to US$4 billion . Buyer will acquire from sellers their supercell vested securities representing in total up to approximately 84.3% of supercell's securities .  Full Article

China's Postal Savings Bank plans to file IPO in next two weeks- WSJ
Thursday, 16 Jun 2016 07:16am EDT 

: China's Postal Savings Bank planning to file IPO with Hong Kong Stock Exchange in next two weeks -WSJ, citing sources Source (http://on.wsj.com/1W0R9MI) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Tencent to buy majority stake in Supercell from Softbank - Source
Wednesday, 15 Jun 2016 02:12pm EDT 

: Tencent Holdings Ltd to buy majority stake in Supercell from Softbank in a deal worth more than $9 billion - source familiar with matter Further company coverage: [0700.HK] [9984.T] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Hotto Link announces business alliance with Chinese firm Tencent to develop WeChat Pay in Japan
Monday, 6 Jun 2016 10:51pm EDT 

Hotto Link Inc <3680.T>: Says the company signed a MOU with Tencent Holdings Ltd <0700.HK> to develop WeChat Pay in Japan . Say WeChat Pay is one of the most popular settlement service via smartphone in China . Says the company will cooperate with Tencent's Japan-based partner company, Merchant Support, for the further promotion and operation of WeChat Pay in Japan . Says Merchant Support is the unit of Hi Sun Technology China Ltd <0818.HK> .Says business starts from June 7.  Full Article

SoftBank considering selling off Finnish smartphone game maker Supercell-NIKKEI<0700.HK><9984.T>
Monday, 23 May 2016 04:55pm EDT 

NIKKEI: Softbank Group Corp is considering selling off Finnish smartphone game maker Supercell-Nikkei .Tencent and other Chinese technology giants have emerged as potential buyers for Supercell, said to be worth between 500 billion yen and 600 billion yen -Nikkei.  Full Article

Tencent in talks with Softbank for majority stake in 'Clash of Clans' maker Supercell - WSJ
Monday, 23 May 2016 03:27am EDT 

: Tencent in talks with Softbank for majority stake in 'Clash of Clans' maker Supercell - WSJ, citing sources . Tencent in talks with Softbank to buy Japanese telecommunications giant's majority stake in Finland's Supercell Oy- WSJ, citing sources . Tencent's talks with Softbank are still at an early stage, and it isn't clear whether Softbank is currently in talks with other parties-WSJ . Tencent President Martin Lau and Chief Strategy Officer James Mitchell recently flew to Helsinki to persuade Supercell's founders To support sale - WSJ Source :(http://on.wsj.com/1U6VE2C) Further company coverage: [0700.HK 9984.T] ((Bengaluru Newsroom) ((+1 646 223 8780;))).  Full Article

Tencent posts 33 pct jump in first-quarter net profit<0700.HK>
Wednesday, 18 May 2016 05:11am EDT 

Tencent Holdings Ltd <0700.HK>: Announcement of the results for the three months ended 31 March 2016 . Q1 net profit RMB 9.18 billion versus RMB 6.88 billion . Q1 revenue RMB 32 billion versus RMB 22.40 billion . Q1 operating profit RMB 13.40 billion versus RMB 9.37 billion . As at March 31, 2016, MAU of QQ 877.1 million versus 831.8 million as at March 31, 2015 . As at March 31, 2016, smart device MAU of QQ 658.0 million versus 603.2 million as at March 31, 2015 . As at March 31, 2016, MAU of Qzone 647.9 million versus 667.9 million as at March 31, 2015 . As at March 31, 2016, smart device MAU of Qzone 587.8 million versus 567.6 million as at March 31, 2015 . Qtrly online games revenues grew by 28% to RMB17.09 billion . Looking ahead, aim to strengthen smart phone game portfolio via leveraging PC Game IPS . Looking forward, will continue growing and monetising advertising inventories on media and social platforms . Brand advertising business could face near-term challenges due to uncertainties of macroeconomic environment in China .As at March 31 2016 , combined MAU of Weixin and WeChat 762.4 million versus 549.4 million as at 31 March 2015.  Full Article

Photo

Tencent, Hillhouse Capital take stakes in Aviva Hong Kong

LONDON China's Tencent Holdings and hedge fund Hillhouse Capital, headed by billionaire Zhang Lei, are taking stakes in British insurer Aviva's Hong Kong business, the insurer said on Friday.