Chunghwa and FarEasTone push forward ADRs

Lead managers for Chunghwa Telecom's stalled $3.15 billion ADR - Goldman Sachs, Merrill Lynch and UBS Warburg - are awaiting a final decision from the company and Ministry of Transport & Communications (MOTC). After nearly a week of growing speculation, a decision that will likely favour embarking on a non-deal roadshow is said to be imminent, with investor presentations set to begin a couple of weeks after.