Tencent Says Co-Investors in Supercell Consortium Include Citic Capital and Unit of China Citic Bank
17 10월 2016 - 12:11PM
Dow Jones News
By Chester Yung
HONG KONG--Chinese internet giant Tencent Holdings Ltd.
(0700.HK) said late Sunday that seven co-investors in Supercell
Consortium include Citic Capital MB Investment Ltd. and unit of
China Citic Bank.
Tencent said co-investors were committed to subscribe to new
Consortium shares for a total of US$850 million, payable in cash.
As the result of the subscriptions, Tencent's indirect voting
equity interest in the Consortium will be 50% and the co-investors
will collectively hold the rest. Consequently, the Consortium will
cease to be a unit of Tencent, the company said in the
statement.
The Consortium will hold 76.9% of Supercell's Securities after
the acquisition, Tencent said.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
October 16, 2016 22:56 ET (02:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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