Distribution of Tencent Music Entertainment Group Depositary Receipts on the Stock Exchange of Thailand
On February 17 2026, InnovestX Securities Co., Ltd. (INVX), the issuer of the Tencent Music Entertainment Group (TME) depositary receipt (TME23), announced that the distribution of the depositary receipts had not yet completed within the statutory three‑month period from the first trading day on the Stock Exchange of Thailand (SET). INVX stated that it will continue to adhere to the prescribed supporting terms and conditions until the distribution is finalized. The announcement, submitted to the SET under Ref. ตสอ.011/2569, is part of the regulatory requirements for issuers of depositary receipts that are listed through a direct‑listing method.
Tencent Music Entertainment Group, a Hong Kong‑listed company (Ticker: 1698) that operates an online music platform in China, has a market capitalization of approximately HKD 209 billion and a price‑to‑earnings ratio of 4.332. The company’s shares traded at HKD 15.48 on February 17 2026, well below the 52‑week high of HKD 104 reached on August 12 2025 and above the 52‑week low of HKD 11.84 recorded on April 20 2025.
The delayed distribution of the TME23 depositary receipts reflects the company’s ongoing expansion of its international presence. No additional financial data or operational updates were disclosed in the announcement.
