CWA Urges SEC to Delay Chunghwa Telecom's Planned US Listing

The Communications Workers of America (CWA) issued a public statement urging the U.S. Securities and Exchange Commission to delay action on the registration statement submitted by Chunghwa Telecom, the incumbent telecom operator in Taiwan. Chunghwa Telecom's largest shareholder, the Ministry of Transportation and Communications of the Republic of China (Taiwan), is seeking to privatize a large percentage of the shares it currently holds. The Communications Workers of America noted reports of intense political conflict over this offering, including a dispute with the Chunghwa Telecom Workers Union over the restructuring. The Chunghwa Telecom Workers Union has sought the support of international labor unions over the proposed privatization. The Communications Workers of America represents over 700,000 workers in the U.S. and Canada.
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