Chunghwa Telecom to Conduct Share Buy-Back.TAIPEI, Taiwan -- At an extraordinary session of its board of directors, Chunghwa Telecom Co., Ltd. ("CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ", TAIEX TAIEX Technical Assistance Information Exchange Office (EU) TAIEX Technical Assistance Information Service : 2412, NYSE NYSE See: New York Stock Exchange : CHT) decided to conduct a share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. or buy-back. Buying operations will be on the open market over a two-month period starting on February 10, 2006. The Company expects to repurchase 250 million ordinary shares, representing 2.59% of the company's total outstanding shares. The range of the repurchase price will be from NT$40 to NT$70 per share. Repurchased shares will be deregistered in six months. The buyback will return excess capital to shareholders and improve the Company's capital structure. About Chunghwa Telecom Chunghwa Telecom is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line services, mobile services and Internet and data services to residential and business customers in Taiwan. |
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