The Bank of New York Appointed as Depositary Bank by Chunghwa Telecom Co. for its Global Offering of ADRs
11 10월 2006 - 10:30PM
PR Newswire (US)
NEW YORK, Oct. 11 /PRNewswire-FirstCall/ -- The Bank of New York, a
global leader in securities servicing, has been selected by
Chunghwa Telecom Co. Ltd. as the depositary bank for its global
offering of American depositary receipts (ADRs). Each Chunghwa ADR
represents ten ordinary shares. The ADRs trade on the New York
Stock Exchange under the symbol "CHT," and the ordinary shares
trade on the Taiwan Stock Exchange. Chunghwa is a leading
telecommunications service provider in Taiwan and provides a full
range of telecommunication and information-related services,
covering fixed-line services, wireless services, and Internet and
data services. Christopher Sturdy, executive vice president and
head of The Bank of New York's Depositary Receipt Division, said,
"Chunghwa now ranks among the world's leading issuers of depositary
receipts. Its latest transaction, which raised nearly $1 billion,
brings the company's total depositary receipt capital raising to
over $5 billion during the past three and one-half years -- an
amount unmatched by any other U.S.-listed depositary receipt issuer
during that period." The Bank of New York is depositary for more
than 1,250 American and global depositary receipt programs, a 64%
market share, acting in partnership with leading companies from 61
countries. With an unrivalled commitment to helping securities
issuers succeed in the world's rapidly evolving financial markets,
the Bank delivers the industry's most comprehensive suite of
integrated depositary receipt, corporate trust and stock transfer
services. Additional information is available at
http://www.adrbny.com/. The Bank of New York has been conducting
business in the Asia-Pacific region for over 50 years. The Company
has 18 offices in 12 countries in the region. The Bank of New York
Company, Inc. (NYSE:BK) is a global leader in providing a
comprehensive array of services that enable institutions and
individuals to move and manage their financial assets in more than
100 markets worldwide. The Company has a long tradition of
collaborating with clients to deliver innovative solutions through
its core competencies: securities servicing, treasury management,
asset management, and private banking. The Company's extensive
global client base includes a broad range of leading financial
institutions, corporations, government entities, endowments and
foundations. Its principal subsidiary, The Bank of New York,
founded in 1784, is the oldest bank in the United States and has
consistently played a prominent role in the evolution of financial
markets worldwide. Additional information is available at
http://www.bankofny.com/. The Bank of New York provides no advice
nor recommendation or endorsement with respect to any company or
security. Nothing herein shall be deemed to constitute an offer or
solicitation of an offer to buy or sell securities. DATASOURCE: The
Bank of New York CONTACT: Dori Flanagan, +1-212-815-2291 Web site:
http://www.bankofny.com/ http://www.adrbny.com/
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