CHT Stock Surges Over 2% on Acquisition News from Taiwan Mobile

Taiwan Mobile's stock price is rising following the company's announcement to acquire a significant stake in IT service provider CHT. The share price saw an intraday gain of over 2% on August 19, 2026, reaching a high of NT$180.

The acquisition, announced on August 12, involves Taiwan Mobile seeking to purchase between 39% and 58% of CHT's common shares. If successful, Taiwan Mobile's ownership will exceed 50%. The strategic move aims to integrate IT services and telecommunications, bolstering Taiwan Mobile's market share in the IT service sector, particularly in the context of the evolving AI landscape.

Since the acquisition news broke, CHT's stock has experienced a notable surge, climbing more than 26%. Despite foreign investors selling 428 shares on August 18, investment trusts bought 1,319 shares, and proprietary traders sold 19 shares, resulting in a net buy of 872 shares for major institutional investors. Day trading volume on August 18 was 1,338 shares, representing 25.4% of the total volume, a slight decrease from the previous day.