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AsiaInfo’s Largest Shareholder Weighing Sale of Stake, Sources Say

  • Trustar working with advisers amid investor interest
  • Hong Kong-listed firm offers Internet of Things, 5G services
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Trustar Capital, a Chinese private equity firm, is considering selling its stake in telecommunications software and IT services provider AsiaInfo Technologies Ltd., according to people familiar with the matter.

The affiliate of Citic Capital Holdings Ltd. is working with advisers on a possible divestment of its holding in Hong Kong-listed AsiaInfo, the people said, asking not to be identified as the information is private. Trustar is AsiaInfo’s biggest shareholder, controlling 23.1% of the Beijing-based company’s shares, its latest annual report shows.