$TENCENT(00700)$ holders: if you hold Tencent after the close on January 4, 2023, you are eligible for the distribution. Ten shares of Tencent will be distributed as one share of
$Meituan(03690)$ on March 24
Selling Tencent on Jan 5 will not affect the arrival of your Meituan shares on March 24. However, Tencent purchased after January 5 will not include Meituan distribution rights.
Buying Tencent on January 4 and selling Tencent on January 5 is just a gamble and there is no certainty on a +ve arbitrage. Please save some of your hair and give up this illusion 🤪
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