Mar 27, 2021 12:41 AM (GMT+8) · EqualOcean
China Telecom said in the announcement that it would sell its shares in Tianyi e-commerce to China Telecom Group for a transfer consideration of about 3.9 billion yuan. China Telecom Group is the controlling shareholder of China Telecom. China Telecom and its wholly-owned subsidiaries also agreed to sell the equity of Tianyi financial leasing to China Telecom Group and Guanghua property for a total consideration of 175 million yuan.