Business
Teoh’s exit raises more questions than answers – The Australian Financial Review
Whether David Teoh became frustrated at his diminished control or TPG’s larger shareholders have other goals in mind is unclear. But it is hard to believe he was…
Teoh holds 17.2 per cent of TPG, which completed a long-awaited merger with Vodafone Hutchison Australia in mid-2020. This means, despite being chairman, Teoh no longer has the control over TPG he once enjoyed.
As part of the merger, the holdings of Teoh and his associates were diluted down to 17.2 per cent, and his long-time allies at Washington H Soul Pattinson slid to 12.6 per cent.
Vodafone Hutchison Australias two parent entities Vodafone Group and Hutchison Telecommunications each took a 25.05…
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