United Microelectronics Corporation (UMC) has announced its board of directors has decided to deal out dividends of NT$0.5 (US$0.02) in cash for 2009, when the company generated net profits of NT$3.87 billion or NT$0.31 per share.
UMC's board also approved a plan to issue up to NT$10 billion in unsecured corporate bonds to fund the purchase of raw materials and other operations, the company said, adding that the issue duration will be either five or seven years.
The fund-raising and earnings distribution proposals will be discussed and decided at UMC's annual shareholders meeting on June 15, 2010.
In addition, UMC's plan to inject a total of NT$1.5 billion in UMC New Business Investment also received the nod from its board of directors. UMC New Business Investment is a wholly-owned subsidiary of UMC, focusing on solar- and LED-related investments.
Article translated by Jessie Shen
