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TELSTRA GROUP LIMITED — Capital/Financing Update 2013
Nov 4, 2013
65927_rns_2013-11-04_9ee6c15d-56a7-47e4-bd32-46c89167ea58.pdf
Capital/Financing Update
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5 November 2013
The Manager
Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000
Office of the Company Secretary
Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA
General Enquiries 08 8308 1721 Facsimile 03 9632 3215
ELECTRONIC LODGEMENT
Dear Sir or Madam
Telstra prepares for listing of Autohome on NYSE
In accordance with the Listing Rules, I attach a copy of a media release, for release to the market.
Yours faithfully
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Damien Coleman Company Secretary
Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556
MEDIA RELEASE
TELSTRA PREPARES FOR LISTING OF AUTOHOME ON NYSE
5 November 2013 - Telstra today announced that a registration statement had been publicly filed ahead of the planned listing on the New York Stock Exchange of Chinese internet based business, Autohome.
Telstra CEO David Thodey said the Initial Public Offering for Autohome, the leading online destination for car buyers in China and one of Telstra’s strategic investments in Asia, would be an important milestone for Autohome.
Telstra recently increased its Autohome shareholding from 66% to 71.5% prior to the proposed IPO.
Telstra last month announced that Chief Financial Officer Andrew Penn would work with Mr Thodey and Telstra International Group President and Group Executive Tim Chen to enhance Telstra’s Asia strategy, drawing on Mr Penn’s extensive experience across Asia Pacific markets. Mr Chen is Chairman of Autohome and will be Chairman after any IPO.
“Asia is a region of significant opportunity for Telstra but should not be viewed as a single homogenous market. We believe there are opportunities to be explored in various geographies and various industry segments but we need to make sure we are focused on the right assets,” Mr Thodey said.
Telstra’s international businesses grew revenue by 16.2 per cent or $243 million to $1,739 million during the 2012-13 financial year. The portfolio comprises Hong Kong mobile services (CSL New World) business, global connectivity and NAS business and China digital media businesses including Autohome.
Media contact: Nicole McKechnie, +61 (0) 429 004617 Email: [email protected] www.telstra.com.au/abouttelstra/media-centre/ Reference: 252/2013
Autohome’s registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A form of the preliminary prospectus for the offering, when available, may be obtained from Autohome.
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