Telstra completes sale of Autohome stake to Ping An
Australia’s Telstra has closed the sale of a 47.7% interest in Chinese auto services company Autohome to Ping An Insurance Group for $1.6 billion.
The telecommunications giant - which acquired a majority stake in the US-listed company in 2008 - will retain a 6.5% interest and reduce its number of directors on the board from six to one, according...
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