chunghwa-telecom-prices-at-zero-discount

Chunghwa Telecom prices at zero discount

The government and Taiwan Mobile sell a combined 5.96% stake to international investors for $958.8 million.
The Taiwan government has raised $858 million from its latest sell-down of ADRs in Chunghwa Telecommunications after pricing the heavily subscribed deal flat to the prevailing market price.

As part of the same sale, Taiwan Mobile also divested its remaining 0.62% in the countryÆs largest telecom operator, bringing the total deal size to $958.8 million. Together the two vendors sold 5.96% of the company to international investors.

The government, which earlier in the day had sold a 1.27% stake in Chunghwa Telecom to domestic investors at a 5% discount to the local close, will hold 35.6% after this deal through the Ministry of Transport Communications MOTC and will need to seek further approval from...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222