Sep 26, 03:02 PM

Tencent Sells $206M in Futu's American Depositary Shares Amid Improved Market Conditions

Tencent has been identified as the seller in a $206 million block trade involving American depositary shares of Chinese brokerage-platform operator Futu. This transaction takes advantage of improving market conditions following Beijing's recent economic stimulus measures.

#American #Chinese #Futu #Beijing

Written with ChatGPT (GPT-4o).

Sources

Bloomberg Technology@technology
1 year ago
Tencent is the seller behind a share sale of Chinese brokerage-platform operator Futu, the latest that takes advantage of improving market conditions after Beijing unveiled economic stimulus. https://t.co/Dq6cF2VtrH
Techmeme@Techmeme
1 year ago
Sources: Tencent is the unidentified shareholder that raised about $206M after selling Chinese brokerage-platform Futu's American depositary shares (Bloomberg) https://t.co/YVSyBe9DlU 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/JAjxjdyeBz
Bloomberg Markets@markets
1 year ago
Tencent is the seller behind a share sale of Chinese brokerage-platform operator Futu, the latest that takes advantage of improving market conditions after Beijing unveiled economic stimulus. https://t.co/TQgTc8SyWX

Tencent Sells $206M in Futu's American Depositary Shares Amid Improved Market Conditions

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