CHT hikes stake in Chunghwa Investment for non-operating, overseas investment
Chunghwa Telecom (CHT) on September 7 announced the acquisition of an additional 40% stake in its joint venture Chunghwa Investment from Taiwan-based Yang Ming Marine Transport at a total price of NT$758.71 million (US$23.1 million), with CHT's stake thus increasing to 89%.
The motivation of the deal is to have a majority control of Chunghwa Investment, whose focus will be on non-telecom areas and overseas business in line with CHT's non-operating investment strategies, CHT said.
CHT said it may further acquire the remaining 11% stake in Chunghwa Investment from two other shareholders.
source
The motivation of the deal is to have a majority control of Chunghwa Investment, whose focus will be on non-telecom areas and overseas business in line with CHT's non-operating investment strategies, CHT said.
CHT said it may further acquire the remaining 11% stake in Chunghwa Investment from two other shareholders.
source
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