By Kyle Morris

Naspers Ltd. said Tuesday that a press report that claims a Citic-lead group is in talks to buy all the Tencent Holdings Ltd. shares owned by the group is speculative and untrue.

The South African company said its open-ended share repurchase program continues and reiterated its confidence in Tencent's long-term prospects.

It added that it continues to believe the share repurchase program is in the best interests of Prosus, Naspers and shareholders.

The article was published on Oct. 31 by Asian Tech Press.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

November 01, 2022 04:10 ET (08:10 GMT)

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