Is Chunghwa Telecom a government company?
Chunghwa Telecom is technically a privatized company, though it maintains a significant government connection. Originally a state-owned entity operated as a business unit of the Directorate General of Telecommunications, it underwent privatization starting in 1996 and officially shifted to private company status in August 2005 when the government's ownership stake dropped below 50%. As of the current period, the Ministry of Transportation and Communications (MOTC) of Taiwan remains a major shareholder, holding approximately 35% of the company's shares. Therefore, while it is regulated as a private company under R.O.C. law and its shares are publicly traded on the Taiwan Stock Exchange, the government still holds a influential minority stake, and the company is often viewed as the incumbent, quasi-public provider for the nation.
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