Ten­cent pro­poses share split to at­tract smaller in­vestors

China Daily (Canada) - - BUSINESS -

Ten­cen­tHold­ings Ltd, China’s largest listed in­ter­net com­pany by mar­ket cap­i­tal­iza­tion, pro­posed a one-into-five share split to lower the in­vest­ment thresh­old, theHong Kong-listed com­pany said onWed­nes­day. Ten­cent said small in­vestors will be able to af­ford to buy into the com­pany af­ter the split, which is pend­ing ap­proval by cur­rent share­hold­ers at Ten­cent’s an­nual gen­eral meet­ing.

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