UMC to sell MediaTek, Teco shares

October 22, 2003 – UMC’s board has approved the public offering of its shares in optical drive manufacturer MediaTek Inc. and appliance maker Teco Electric & Machinery Co., according to Dow Jones. In a statement to the Taiwan Stock Exchange, UMC said it would sell up to 77.07 million shares of Teco, worth roughly $27 million, and 5 million shares of MediaTek, worth nearly $55 million.


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