DataRoom AM: Telstra's Chinese bonus

Telstra is set to make a strong return on its Chinese car sales website, while potential suitors eye the Port of Newcastle.

Telstra Corporation, Australia’s largest telco, is planning to list its Chinese car sales website on the New York Stock Exchange in a deal that, if nothing else, puts a spotlight on the globalised world we live in. The timing of the float appears close to perfect, with plenty of buzz about tech listings in the United States over recent months.

Elsewhere, the Port of Newcastle gets put up for auction, Pact Group’s float appears likely to trump Nine Entertainment’s in terms of size and senior Liberals worry about the risks to the GrainCorp takeover.

Telstra Corporation, Autohome

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