United Micro (UMC) has released an update.
United Micro has announced a strategic disposal of its subsidiary Hejian Technology’s stake in UnitedDS Semiconductor for RMB 77 million, resulting in a profit of RMB 19.96 million. In financial developments, United Micro reported a capital reduction following the cancellation of the RSA and revealed a 9.61% increase in net sales for July 2024 compared to the previous year. The company also disclosed no major changes in funds lent to other parties, endorsements, guarantees, or financial derivative transactions.
For further insights into UMC stock, check out TipRanks’ Stock Analysis page.
