Subsidiary Hong Cheng Venture Investment Disposes of Common Shares in Taiwan Semiconductor Co.
Original: 代子公司宏誠創業投資(股)公司公告處分台灣半導體(股)公司普通股之相關資料
Summary
UMC is filing on behalf of its subsidiary Hong Cheng Venture Investment Co., Ltd. (宏誠創業投資股份有限公司), disclosing the disposal (sale) of common shares held in Taiwan Semiconductor Co., Ltd. (台灣半導體股份有限公司). This represents a divestiture of an equity stake held through UMC's venture capital arm and may affect UMC's investment income and balance sheet depending on transaction size. Full body available on MOPS.
Full Translation
Subject line (translated): 'Disclosure of information regarding the disposal of common shares of Taiwan Semiconductor Co., Ltd. by subsidiary Hong Cheng Venture Investment Co., Ltd., filed on its behalf.' — UMC (the parent) is acting as the filing party on behalf of its wholly- or majority-owned subsidiary Hong Cheng Venture Investment Co., Ltd. (宏誠創業投資股份有限公司), which is UMC's venture capital investment vehicle. The subsidiary has disposed of (sold) common shares it held in Taiwan Semiconductor Co., Ltd. (台灣半導體股份有限公司; note: this is distinct from TSMC/台積電). Under TWSE material information rules, share disposals by subsidiaries that meet size thresholds must be publicly disclosed by the listed parent. The announcement covers the relevant details of that transaction (counterparty, price, quantity, timing). [Body not available — subject line only. See MOPS for full announcement.]