Telstra says $1.6 billion Autohome stake sale is being challenged by minority shareholders

Australia's Telstra Corp Ltd on Wednesday said its $1.6 billion sale of a controlling stake in Chinese website operator Autohome Inc to Ping An Insurance Group Co of China Ltd is being challenged by minority shareholders. The telecommunications firm said it intends to contest a petition some minority shareholders filed in the Cayman Islands. It did not identify the shareholders or elaborate on their objections.

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