Telstra to Float Chinese Real Estate Website Soufun
TELSTRA will float major Chinese real estate website Soufun.
Telstra, which is not commenting further because it is uncertain where Soufun would be listed, paid $US254 million for a 51 per cent stake in SouFou in August 2006, under the directorship of Sol Trujillo.
It is one of seven Chinese investments for Telstra, which also owns websites for cars, electronics and mobile phone services.
In a statement, Telstra said “Subject to regulatory requirements, further details will be provided as the process proceeds”.
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