Fri, Aug 05, 2005 - Page 10 News List

MOTC to auction off a 3% stake in Chunghwa

TELECOM SURPRISE The ministry said yesterday it will sell off a 3 percent stake in the company next Tuesday, with retail investors to be given priority in the bidding

By Kevin Chen and Jackie Lin  /  STAFF REPORTERS

"We don't oppose privatizing the company, but the method must be legal and provide equal opportunities for the general public," he said.

Chang also urged the government to halt the company's ADR issuance, saying suitable approaches should be hammered out to distribute Chunghwa shares to the whole nation, similar to what Singapore's government has done.

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