By Chris Wack


Zenvia Inc. shares were up 6% to $6.10 after the company said Tencent Holdings Ltd. has bought 10.2% of its class A common shares in the market.

The Latin America internet company said Tencent now indirectly owns 1.8 million class A shares of Zenvia, representing a 10.2% Class A shares, or 4.3% of total common shares, and a 0.7% voting power.

"We are delighted to welcome Tencent as a Zenvia investor, which attests for the correct path we are taking in terms of growth moving forward, said Zenvia Chief Executive Cassio Bobsin. "Having the support of strong shareholders is key for us to deliver value in the long term."

Zenvia shares closed Wednesday down 6%, and hit their 52-week low of $3.73 on March 17.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

03-31-22 1039ET