CONNECT WITH US
Sign out

Chunghwa Telecom cancels all treasury stock to downsize capital 1%

Harris Lin, Taipei
0

Chunghwa Telecom (CHT) on February 21 announced the reduction of its paid-in capital by 1.14% through canceling all of existing treasury stock, leaving paid-in capital at NT$95.578 billion (US$3.01 billion).

CHT's board of directors made the decision at a provisional meeting on February 21. In early 2008, CHT downsized its paid-in capital by NT$9.668 billion or 9.09% through the return of NT$1 per share in cash to shareholders, the company noted.

Article translated by Adam Hwang