The Taiwanese government has decided to delay the selling of a part of its stake in Chunghwa Telecom. The finance ministry has decided that the bidding process for bookrunning mandates must take a minimum of 28 days under government procurement laws.
This has pushed the approximately $1.3 billion share sale further to September, at the earliest. The government had reportedly planned to sell a 7.37 per cent stake in Taiwan’s top telecom company to the domestic and foreign investors.
