The Bank of New York has been selected as depositary for the American depositary receipt (ADR) program of Chunghwa Telecom Co. Ltd. Each Chunghwa Telecom ADR represents ten common shares. The ADR trades on the New York Stock Exchange under the symbol “CHT.” The company’s shares trade on the Taiwan Stock Exchange.
Chunghwa Telecom is one of the largest telecommunications service providers in Taiwan. According to information in its filings with the Securities and Exchange Commission, Chunghwa Telecom had a market capitalization of approximately $14.3 billion as of March 31, 2003.