Every Spin-Off
Meituan (distributed stake)
3690 HKCompletedHKRuns China's largest food-delivery app and services for booking restaurants, hotels, travel and local services, and is expanding food delivery abroad under the Keeta brand.
Tencent paid a special interim dividend in specie of about 958 million Meituan Class B shares (roughly 15.5% of Meituan, worth about US$20bn when announced) at 1 Meituan share for every 10 Tencent shares, with Tencent shares trading ex-entitlement from 5 January 2023 and share certificates despatched on 24 March 2023, leaving Tencent with about 1.7% of Meituan.
- Distribution date
- 24 Mar 2023
- Structure
- Stake distribution
- Parent
- Tencent Holdings (700 HK)
- Spin-off ticker
- 3690 HK
- Listing
- Main Board of HKEX
- Market
- Hong Kong
- Sector
- Consumer discretionary
- Size
- large
Source documents
- Press releaseTencent announcement on ex-dividend adjustments (01/09/23)
- PresentationNot located
- Prospectus / demerger documentNot located
- Sourcehkex.com.hk (HKEX circular, ratio)
- Sourceinsideretail.us
- Sourcehkexnews.hk (ex-dividend adjustments 01/09/23)
Every Spin-Off research
No report on this situation yet. New reports are published on Substack first.
Receive reports by email