Disposal of Novatek Microelectronics (3034) Shares
Original: 公告本公司處分聯詠科技股份有限公司證券之相關資料
Summary
UMC disclosed information related to the disposal of shares it holds in Novatek Microelectronics Corp. (TWSE: 3034), a long-held strategic equity investment. The transaction may generate a material non-operating gain and reduce UMC's cross-shareholding exposure. Full body available on MOPS.
Full Translation
Announcement regarding the Company's disposal of securities of Novatek Microelectronics Corp. UMC is disclosing details of a sale of shares it holds in Novatek (TWSE: 3034), an IC design affiliate historically spun off from UMC. Such disposals by Taiwan listed companies are typically reported under TWSE material-information rules when the transaction size crosses disclosure thresholds, and the proceeds are usually recognized as non-operating income. [Body not available — subject line only. See MOPS for full announcement.]