Thu, Aug 11, 2005 - Page 10 News List

Chunghwa Telecom ADR sale a success

PRIVATIZATION The overseas share sale, coupled with the domestic sale of a 3 percent stake, brought the government's holdings in the company down to around 48 percent

By Jackie Lin  /  STAFF REPORTER

The company will have to adjust its mindset, establish an effective system of rewards and penalties and revitalize manpower by encouraging elderly workers to retire so new blood can be hired, he said.

Chunghwa Telecom yesterday reported revenue of NT$15.52 billion for last month and NT$105.2 billion for the first seven months of the year. Its unaudited after-tax profits for the first seven months reached NT$28.6 billion, or NT$2.96 per share, according to a statement to the Taiwan Stock Exchange.

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