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Fri, Jan 12, 2007 - Page 12　News List

Asia Pacific Telecom `on track'

SHIP-SHAPE?The company chairman dismissed reports that Asia Pacific Telecom Group was in serious financial difficulty, saying revenues would expand by 20 percent

By Lisa Wang and Amber Chung  /  STAFF REPORTERS

Shares of Mega Financial declined 2.2 percent to NT$22.40 yesterday, after the firm said it planned to write off a further NT$749 million for investments in Asia Pacific Broadband Telecom.

Shin Kong Financial Holding Co (台新金控) saw shares close 1.8 percent lower at NT$32.10, after the company said in a statement to the stock exchange it would write off NT$416 million for investments in Asia Pacific Broadband Telecom.

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