Chunghwa Telecom Co (中華電信), the nation’s largest telecommunication services operator, said it boosted its investment in Singapore to NT$3.5 billion (US$111 million) and will announce further plans for the venture next month.
“It’s not for an acquisition, however we’ll provide more information by mid-September,” Shen Fu-fu (沈馥馥), a spokeswoman for the Taipei-based company, said in a phone interview, citing a confidentiality agreement with the counterparty.
Chunghwa Telecom will increase its investment in Chunghwa Telecom Singapore by NT$3.3 billion, the company said in an exchange filing yesterday. The counterparty to the deal is not a Singapore company and the deal doesn’t entail investment in network cables, Sheen said without providing further details.
The company’s new chairman, Lu Shyue-ching (呂學錦), said last Wednesday that the firm would refocus on its core business by speeding up its deployment of high-speed networks and possibly investing in next-generation long term evolution technology.
While Lu’s remark seemed to suggest a shift from his predecessor Hochen Tan’s (賀陳旦) focus in real-estate related investment, the Chinese-language Economic Daily News reported yesterday that Chunghwa may raise its stake in the ownership of Taipei 101.
The report, without citing sources, said the company, which already holds an 11.75 percent share in the building, may seek to compete with bigger shareholders such as Chinese Development Industrial Bank (中華開發工銀), which owns a 19.51 percent stake, to control the building.
ADDITIONAL REPORTING BY STAFF WRITER
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
RSS