Chungwha Telecom investors are hurt by delay in sale

Article Abstract:

The planned privatization of Taiwan-based Chunghwa Telecom Co., a state-owned phone company may become a case study in failure after expectations that it would be a model of a well-executed privatization. Domestic politics and a declining world market for telecommunications stocks have hurt the government's plan to reduce its stake.

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New setback for Chunghwa

Article Abstract:

Chungwha Telecom sold only 11% of its shares in its initial public offering by last Tuesday deadline. The company has sold under 3% of its 9.65 billion shares.

Chungwa Telecom

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Taiwan hopes to sell stake in Chunghwa

Article Abstract:

The government of Taiwan is hoping to sell up to 10% of its shares in Chunghwa Telecom Co. The government is conducting a local offering in June 2001.

Author: Dean, Jason
Asset sales & divestitures, Planning, Privatization, Privatization (Business)

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Subjects list: Taiwan, Telecommunications services industry, Telecommunications industry, Securities, Chunghwa Telecom Company Ltd.
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