Chunghwa Telecom (CHT) has tentatively suspended plans to increase its stake in IT and telecom retail chain Senao International from 31.5% to 40.8% through a private placement as the two companies still have to work out details of the investment project, according to statements released by the companies.
The cancellation of the deal may jeopardize the two companies' joint plans to deploy retail channels in the China market, according to market sources.
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