SINGAPORE (Sept 21): Tencent Holdings is coming for your dollars.

Through wholly-owned subsidiary Tencent Mobility, the Chinese internet giant is investing HK$2.86 billion ($493 million) for a 4.95% stake in China International Capital Corporation (CICC), one of the mainland’s leading investment banks.

Tencent will subscribe for some 207.5 million new Hong Kong-listed shares of CICC at HK$13.80 each, representing an 11.0% discount to the stock’s closing price of HK$15.50 on Wednesday.

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