CHT cancels treasury stock to downsize paid-in capital

CHT cancels treasury stock to downsize paid-in capital

February 22, 2016

Chunghwa Telecom (CHT) announced yesterday that it is reducing its paid-in capital by 1.14%. The company is doing this by cancelling all existing treasury stock. After the reduction, the company’s paid-in capital totals NT$95.578 billion (US$3.01 billion).

The decision was made by CHT’s board of directors at a provisional meeting. Earlier this year CHT reduced its paid-in capital by NT$9.668 billion, equivalent to 9.09%, by returning NT$1 per share to shareholders in cash.

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