Chunghwa and FarEasTone push forward ADRs

As FarEasTone enters final selection procedures for a debut ADR, the Taiwanese government is said to be on the verge of deciding whether to re-engage investors with Chunghwa Telecom via a non-deal roadshow.

Lead managers for Chunghwa Telecom's stalled $3.15 billion ADR - Goldman Sachs, Merrill Lynch and UBS Warburg - are awaiting a final decision from the company and Ministry of Transport Communications MOTC. After nearly a week of growing speculation, a decision that will likely favour embarking on a non-deal roadshow is said to be imminent, with investor presentations set to begin a couple of weeks after.

For all market observers, such a course of action is felt to mark the most sensible option for the government and for some, its only option. A domestic sale of any magnitude has been ruled out because of the disappointing ...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222