Chunghwa Telecom readies second launch for $2bn ADR

12 Jun 2003

Global co-ordinator Goldman Sachs and joint leads Merrill Lynch and UBS are premarketing the much delayed ADR offering for Taiwan's Chunghwa Telecom which could raise close to $2bn.

That would make it the largest offering of secondary shares in the world this year, trumping ING Groep's $1.3bn sale of ABN Amro stock in ...

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