DivestmentJun 16, 2026, 06:07 AM
UMC Disposes of Novatek Shares for $563.6M NTD
AI Summary
United Microelectronics Corporation (UMC) announced the disposal of common shares in Novatek Microelectronics Corporation. The transaction involved 1,174,694 shares sold between June 5 and June 16, 2026, for a total of $563,618,180 NTD. This disposal impacts retained earnings by $386,963,843 NTD. UMC also reported on the trading and pledge of its own common shares by directors, executive officers, and 10% shareholders for May 2026.
Key Highlights
- United Microelectronics Corporation (UMC) disposed of 1,174,694 shares of Novatek Microelectronics Corporation.
- The disposal occurred between June 5 and June 16, 2026, at an average price of $479.8 NTD per share.
- The total transaction amount was $563,618,180 NTD.
- The disposal resulted in an impact on retained earnings of $386,963,843 NTD, with no impact on net income.
- UMC's remaining shareholding in Novatek is 15,269,893 shares, valued at $7,280,449,819 NTD, representing 2.51% of holdings.
Price Impact
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