United Renewable Energy to Sell Property Worth About NT$3 Billion

MT Newswires Live

01/13

United Renewable Energy (TPE:3576) agreed to sell its Zhunan plant buildings and related facilities in Miaoli County, Taiwan, for NT$2.8 billion.

The 41,030.55-square-meter property was sold to Siliconware Precision Industries via a public tender process, according to a Tuesday Taiwan Exchange filing.

The sale is expected to generate a gain of around NT$2.1 billion for the company, and aims to revitalize assets and cut operating costs, it said.

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