Goldman Sachs, Morgan Stanley and UBS mandated for Chunghwa Telecom

Chunghwa's circa $1 billion deal expected before the end of this month. Far EasTone shareholder paves the way with $82 million post-dividend sell-down.

Chunghwa Telecommunications has mandated Goldman Sachs, Morgan Stanley and UBS to help with the upcoming government sell-down following the completion of a second bidding process.

According to sources, the deal is expected to be launched before the end of this month after some preparation work that is needed because the bulk of the offer will be sold in the form of American Depositary Receipts.

Sources say the company and the government have given no indication of the size of the...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: adr | gdr | mandate | telecom | goldman sachs | morgan stanley | ubs | credit suisse

Print Edition

FinanceAsia Print Edition