AFX News Limited Taiwan’s Chunghwa Telecom to sell Siemens jv for 315 mln twd ,
Posted by Mark Frost on May 31, 2005
TAIPEI (XFN-ASIA) - Chunghwa Telecom Co Ltd (2412.TW) said its board of directors has decided to sell off all its holding of 75,000 common shares in joint venture Siemens Telecommunication Systems Ltd for a total of 315 mln twd to Nokia Siemens Networks B.V.or its alliance. The disposal is anticipated to contribute 308.81 mln twd of gains, according to a company statement. In today’s trade, Chunghwa Telecom Co closed down 1.70 twd or 2.64 pct at 62.70.
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