Ma Huateng Reduced Tencent Cash In Excess Of HK $700 Million

September 2nd,

Tencent Holdings (700) President Ma Huateng once again launched a major campaign.

After this reduction, Ma Huateng held Tencent holding shares from 10.61% to 10.33%, holding 188 million 890 thousand shares.

Tencent holdings yesterday closed 187.6 yuan, up 2.6 yuan (1.41%).

In this calculation, Ma Huateng holds the value of the company's shares is still 35 billion 436 million yuan.

In addition, Ma Huateng also reduced the same amount of short positions on the same day, holding the remaining 930 thousand shares, which is estimated to be related to the previous option contract, and the remaining term of exercise will end on January 9, 2012.

The securities circles here say that Ma Huateng's reduction action is believed to involve a collar optionstrategy.

During the period from 3 to April, a total of five lots of options expired, and Ma Huateng sold the purchase price to the buyer of the option option, which involved a total of 10 million shares, according to the contract's super low price of 67.806 yuan per share (when the stock price of Tencent was more than 200 yuan).

Statistics show that Ma Huateng's options did not expire in August 29th and January 9th next year, respectively, involving 5 million shares and 930 thousand shares short positions, which has been issued by Tencent.