Far EasTone Telecommunications in $129 Million Offering
January 13, 2005
Cleary Gottlieb represented Goldman Sachs International as placement agent in a Rule 144A/Reg S offering by An Ho Textile Co., Ltd. and Yuan Tong Investment Co., Ltd. of Global Depositary Receipts representing approximately 110 million common shares of Far EasTone Telecommunications Co., Ltd. The $129 million international offering was conducted by Goldman Sachs International as a block trade on an agency basis.
Far EasTone Telecommunications is a leading wireless communications services provider in Taiwan with approximately 7.2 million customers. Far EasTone Telecommunications, An Ho Textile and Yuan Tong Investment are all companies under The Far Eastern Group, one of Taiwan’s leading conglomerates.