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. After the transaction was completed, Lau’s shareholding ratio dropped from 0.59 percent to 0.58 percent, leaving him with approximately 50,646,500 shares. This January, Lau also reduced his holdings twice, by a total of 400,000 shares valued at approximately $33 million. Since the beginning of this year, Lau has cashed out about $57 million in shares. Last year, Lau successively reduced his holdings of Tencent shares on Jan. 3, April 1, May 29, June 1, June 30, …
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