Chunghwa Telecom Announces Dividend Distribution for Year 20
TAIPEI, Taiwan, April 24 /Xinhua-PRNewswire-FirstCall/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412; NYSE: CHT) ("Chunghwa" or "the Company") today announced that the Company will distribute a cash dividend of NT$3.58 per share and a stock dividend of NT$1 per share from capitalization of capital surplus, following a resolution passed at a meeting of the Board of Directors today. The total number of new share issuance will be 966,784,509 common 网易新闻shares. The Board also resolved to reduce capital with the cancellation of 966,784,509 of the Company's outstanding shares, giving back about NT$0.909 per share to shareholders after completion of capital reduction plan. All related procedures and timetables will be announced after approval at the 2007 Annual General Meeting and by government authorities.
Changes in number of outstanding shares:
Number of shares
Current outstanding shares 9,667,845,095
Outstanding shares after capital increase 10,634,629,604
Outstanding shares after capital reduction 9,667,845,095
* 1 ADS =10 shares
About Chunghwa Telecom
Chunghwa Telecom (TAIEX: 2412; NYSE: CHT) is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line, mobile and Internet and data services to residential and business customers in Taiwan.
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