The Economic Times News Agency reported on the 14th that according to exchange data, Tencent (00700) conducted a large off-exchange sale of over 202 million shares of Hony Cultural Group (00419) on Monday (10th), at an average price of HK$0.25 per share, involving HK$50.595 million. Its latest stake dropped from 11.62% to 0.11%.

As Tencent's stake in Hony has now fallen below the 5% disclosure threshold, it will no longer be required to disclose future disposals. (bi)