Original article by Max Mason
The Australian Financial Review – Page: 17 : 19-Apr-16

Telstra will retain a 6.5 per cent stake in China’s Autohome following a deal to sell 47.7 per cent of its stake to Ping An Insurance Group for $US1.6bn ($A2.1bn). Telstra CEO Andy Penn says the telco will adopt a "balanced approach" to using the proceeds of the sale, which may include a capital management initiative. Bradley King of Armytage says his preference would be a special dividend rather than an on-market share buyback. He adds that the telco may seek other investment opportunities in Asia.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, AUTOHOME INCORPORATED, PING AN INSURANCE COMPANY OF CHINA LIMITED, ARMYTAGE PRIVATE LIMITED, INVESTORS MUTUAL LIMITED, TRIBECA INVESTMENT PARTNERS PTY LTD, BEULAH CAPITAL PTY LTD, SAN MIGUEL CORPORATION