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> Chinese media and technology giant Tencent suffered a dramatic loss of $14 billion on the Hong Kong stock exchange Should've been shares or shareholders of T
by zeusk 9y ago
> Chinese media and technology giant Tencent suffered a dramatic loss of $14 billion on the Hong Kong stock exchange
Should've been shares or shareholders of Tencent; public companies rarely hold significant stock of their own on the balance sheets in comparison to public float. It wasn't Tencent that suffered the loss but the shareholders.
Mentioning the stock exchange makes no clarification whatsoever, could've been a follow on offering that lost $14B due to investor concerns or a corporate debt/bond issuance that went awry.
No it isn't. Would love some citation on that.