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FINWIRES

Unimicron Technology Completes RSA-Linked Capital Reduction; Shares Drop 7%

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Unimicron Technology (TPE:3037) has completed the registration of a capital reduction linked to a restricted stock award (RSA) write-off, according to a Monday Taiwan Exchange filing.

Shares slumped over 7% in Tuesday's midday trade.

The company cancelled 373,500 shares, reducing its paid-in capital to NT$15.752 billion from NT$15.755 billion.

Following the adjustment, outstanding shares declined to nearly 1.58 billion, it said.

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