SouFun Holdings Ltd Telstra to sell off stake
December 2, 2009, Wednesday
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Print Edition
Print Edition
AUSTRALIA'S dominant telephone company, Telstra Corp Ltd, plans to sell down its stake in SouFun Holdings Ltd, China's top real estate Website, via an initial public offering, the Australian company said yesterday.
Telstra holds a 51 percent stake in the property portal.
Telstra said SouFun shareholders voted earlier yesterday to go ahead with an IPO next year. It gave no more details.
Telstra holds a 51 percent stake in the property portal.
Telstra said SouFun shareholders voted earlier yesterday to go ahead with an IPO next year. It gave no more details.
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