Tencent President Martin Lau Sells Another 300,000 Shares of the Company

Tencent President Martin Lau Sells Another 300,000 Shares of the Company
Martin Lau, President of Tencent attends a press conference at the Finnish game company Supercell headquarters in Helsinki on June 21, 2016. Seppo Samuli/AFP via Getty Images
Jessica Mao
Updated:

Martin Lau Chi-ping, Tencent President, recently sold 300,000 shares of his company holdings, worth $24 million. Prior to this, Lau has repeatedly reduced his Tencent shares, and this year alone cashed out approximately $57 million.

According to the Hong Kong Stock Exchange data, on June 2, Lau sold 250,000 shares of Tencent holdings at an average price of $81 per share; on June 3, at an average price of $80, he sold 50,000 shares.

Jessica Mao
Jessica Mao
Author
Jessica Mao is a writer for The Epoch Times with a focus on China-related topics. She began writing for the Chinese-language edition in 2009.
Related Topics