In today’s briefing:
- JD.com Tencent Div Distribution – The US$10bn Overhang
JD.com Tencent Div Distribution – The US$10bn Overhang
- On 23rd Dec, Tencent declared a dividend in the form of distribution in specie of 457.326m shares of JD.com, i.e. 1 share of JD.com for every 21 shares of Tencent.
- While Tencent went ex-div on 20th Jan 2022, the actual settlement of the distribution is expected to happen on or about 25th Mar 2022.
- In this note, we look at Tencent’s shareholding in order to decipher the impact on JD.com’s shares once the distribution is settled to determine who the sellers could be.
Before it’s here, it’s on Smartkarma
