Chunghwa to sell 17% stake
Chunghwa Telecom Co (中華電信) said it will make a public announcement next week inviting investment banks to help sell a 17 percent stake in the company.
"Investment banks can submit their proposals in 28 days after announcement of the issue," Chunghwa Telecom spokeswoman Shen Fufu (沈馥馥) said. There was no "concrete timetable" for the selection of financial advisers, the company said.
The government aims to sell a 17 percent stake of Chunghwa Telecom in June, Premier Frank Hsieh (謝長廷) said on March 10. The stake is worth about NT$102.8 billion (US$3.24 billion), according to the company's current trading price of NT$62.7 a share.
TV sales looking up
Television sales around the world are expected to increase to 171.6 million units this year, up 3.2 percent from 166.3 million sets last year and boosted by new display technologies, iSuppli Corp said.
Helped by surging sales of new liquid-crystal-display, plasma and rear-projection sets, the growth of the TV market will accelerate at a 5.3 percent compound annual growth rate during the next few years to 2009, the California-based researchers said in the latest report. TV sales will rise to 215.5 million units by that time, it said.
Plasma TV will enjoy the fastest growth among all types of sets, with the annual growth rate of 54.6 percent to reach 18.2 million in 2009, compared to 2.1 million sets sold last year, iSuppli predicts.
But sales of traditional cathode-ray-tube sets will contract to 131.6 million at an annual rate of 2.5 percent, from 5.8 million units last year, according to the report.
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