Telstra to sell out of Chinese web property, SouFun

摘要

Telstra is gearing up to exit Its Chinese subsidiary, SouFun, which operates the country's largest real estate web portal.rnTelstra announced on 1 December 2009 plans to prepare SouFun for an IPO in 2010, saying it would sell down its shareholding - presently 55 percent - as part of that process.rnTelstra has now announced that two private equity firms (General Atlantic and Apax Partners) and two existing shareholders of the parent company, SouFun Holdings, have agreed to purchase any remaining shares of SouFun held by Telstra that are not sold in the IPO.