A spokesperson for Chunghwa Telecommunications confirmed Monday July 31 that the Taiwan governmentÆs second sell-down of the telecom operator in 12 months will be delayed after the Ministry of Finance decided that a formal 28-day bidding period must be adhered to before the bookrunning mandates can be awarded. The mandates were initially expected to be announced last week.
This means the share sale, which based on the current share price was expected to raise up to $1.3 billion, can no longer take place...
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