Chunghwa Telecom may cut share capital by up to 20%
Chunghwa Telecom Co Ltd, the largest telecom and Internet service provider in Taiwan, plans to cut its share capital by 10% to 20% in order to return excess cash to shareholders, Dow Jones Newswires reported yesterday, citing CFO Shu Yeh as saying.
Singapore shares closed 1.75 percent lower Wednesday after a sharp fall in Chinese stocks prompted selling by local investors, analysts said.