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.
In a pattern familiar to many Asian privatizations, a government''s inability to countenance discount pricing has resulted in the collapse of a key divestment.
In a bid to counter negative sentiment towards telecom stocks, the international privatization of Taiwan''s Chunghwa Telecom is to be marketed as a defensive sectoral and country play.