Tencent own preference stock. They could sell their stock, which could potentially harm the company, but they hold no voting rights and carry no decision making power.
I am not a fan of China, nor Tencent, but spewing bile without understanding the context does NOT help this discourse.
Did you not read the article?
Tencent own preference stock. They could sell their stock, which could potentially harm the company, but they hold no voting rights and carry no decision making power.
I am not a fan of China, nor Tencent, but spewing bile without understanding the context does NOT help this discourse.
Could they even sell if nobody is buying?
It would be bought. That’s how stocks work. If there is a promising company, there will be interested buyers.