Tue, Dec 17, 2002 - Page 11 News List

Cathay Life eyes Chunghwa stake

FIFTH SALE BID The phone company's annual dividend has reportedly attracted Cathay's attention as the government tries yet again to deregulate the industry

BLOOMBERG , TAIPEI

The government held an initial public offering Chunghwa in September 2000, promising to sell a third of Chunghwa by the end of that year. The shares have dropped by half since they were first sold. The government still owns 95.33 percent of the company.

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