A senior executive from Chung-hwa Telecom (中華電信) yesterday denied reports that listing of the state-run utility would be pushed back to mid-October, saying listing for the main board listing would go ahead "as scheduled."
Reports published yesterday claimed that due the to time need-ed to organize the 5 percent offering to Chunghwa employees, the scheduled Oct. 5 listing would be delayed by up to 10 days.
Wei Hua-mei, (
But Lu Chi-yuan (
Lu explained that under current Ministry of Transport and Communications (MOTC, 交通部) regulations, work on determining the final size of the share offering to Chunghwa's 35,000 employees cannot begin until all financial transactions for the 3 percent auction sale and 13 percent are completed. Under the original privatization plan, employees were to be offered a 5-percent stake in their company, based on a floor price for shares of NT$60.
But as the floor price set last week mounted to NT$104 -- and the actual price could rise much higher in the auction scheduled to begin next week -- the em-ployee's stake is likely to shrink by around 1.5 percent. To offset the time it will take to organize the employee share sale, "Chunghwa executives are currently in talks with the MOTC to get permission to begin work on finalizing the employee stake as soon as a price is set for the 13 percent public offering," sche-duled for September, said Lu.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
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