Chunghwa stake sale faces yet another delay

31 May 2005

The on-off-on again-off again-probably on again-nope, definitely off this time sale of Chunghwa Telecom has hit another hurdle after Taiwan’s parliament passed a new budget law. The resolution bans state share sales sanctioned under past budgets and Chunghwa must now re-apply for parliamentary approval for the sale by presenting its financial projections afresh.

Taiwan, Chunghwa Telecom