Umtc Holdings Limited announced that it expects to receive $18.071744 million in funding from Unimicron Technology Corp.
Umtc Holdings Limited announced that it will issue 18,071,744.83 shares at an issue price of $1 per share for gross proceeds of $18,071,744.83 on April 27, 2021. The transaction will include participation from returning investor Unimicron Technology Corp. (TSEC:3037), Post transaction, the investor will hold 156,679,484.51 shares and will hold 100% stake in the company. The transaction has been approved by the board of directors of the investor.