Chunghwa to cut surplus

27 Jun 2008

Chunghwa Telecom, Taiwan’s largest phone operator, is planning to gradually decrease its cumulative legally required capital surplus which stood at TWD200.6 billion (USD6.59 billion) at the end of 2007. It will return TWD160 billion to its shareholders spread over period of six years, as part of its wider capital reduction plan. The company will reportedly pay out TWD60 billion to shareholders in the medium term and TWD100 million in the long term.

Taiwan, Chunghwa Telecom