United Micro (UMC) has released an update.
United Micro has announced a capital reduction through the cancellation of shares, effective as of May 7, 2024. This slight reduction in paid-in capital and shares outstanding does not affect the book value per share, which remains at NT$30.16. The company has indicated that there are no plans for share replacement operations or new issues following this capital reduction.
For further insights into UMC stock, check out TipRanks’ Stock Analysis page.
