Chunghwa Telecom Secondary Offering of 135.1 million ADSs at US$18.98 per ADS
10 8월 2005 - 12:56PM
PR Newswire (US)
TAIPEI, Taiwan, Aug. 9 /Xinhua-PRNewswire-FirstCall/ -- Chunghwa
Telecom Co., Ltd. ('CHT', TAIEX: 2412; NYSE: CHT) announced after
the close of trading in New York on August 9, 2005 that the
Company's secondary offering of 135.1 million American Depositary
Shares (ADSs) by the Ministry of Transportation and Communications
of the Republic of China ('MOTC') was priced at US$18.98 per ADS.
Each CHT ADS represents ten common shares of CHT. The offering
price of US$18.98 per ADS (equivalent to NT$60.67 per common share)
represents a 0.5 percent discount to the August 9, 2005 closing
price of NT$61.00 for the CHT common shares that trade on the
Taiwan Stock Exchange and a 3.0 percent discount to the August 9,
2005 closing price of US$19.57 for the CHT ADSs that trade on the
New York Stock Exchange. The US$2.56 billion offering represents a
sale of approximately 14.0 percent of the Company's outstanding
common shares. The offering is comprised entirely of a secondary
sale by the MOTC. The final prospectus relating to this offering
may be obtained from Goldman Sachs & Co. at 85 Broad Street,
New York, New York 10004, USA, Morgan Stanley at Three Exchange
Square 30F, Central, Hong Kong, SAR, or UBS Investment Bank at
52/F, Two International Finance Centre, 8 Finance Street, Central,
Hong Kong, SAR. About Chunghwa Telecom Chunghwa Telecom is the
leading telecom service provider in Taiwan. Chunghwa Telecom
provides fixed line services, mobile services and Internet and data
services to residential and business customers in Taiwan. Please
direct any inquiries to: Fu-fu Shen Investor Relations Tel:
+886-2-2344-5488 Email: DATASOURCE: Chunghwa Telecom Co., Ltd.
CONTACT: Fu-fu Shen, +886-2-2344-5488, or , for Chunghwa Telecom
Co., Ltd.
Copyright