UMC was very Wohuo punished said it would consider withdrawing from the Taiwan stock market

December 29th news Taiwan UMC (UMC) chairman Cao Xingcheng said Wednesday that he is considering whether to withdraw from Taiwan, another is more suitable for the market. Prior to this, due to the disclosure of information due to the delay of $1500.

According to Yonhap news agency, Cao Xingcheng wrote an open letter to shareholders through the media, said the Taiwan Gold Council in December 15th the company fined $1500 decision unreasonable".

The report quoted Cao Xingcheng as saying, "why is it that an ordinary, self - binding, law-abiding company like us is a target for the stock exchange and the HKMA? We have to seriously consider whether to withdraw from Taiwan, in addition to the possibility of looking for a good city."

December 13th, Lianhua electronics said it would be in accordance with U.S. GAAP (GAAP) re released 2002, 2003 and 2004 financial data. The company says it has done so because of errors in its filings with the securities and exchange commission.

The Taiwan stock exchange later fined the company, saying it was disclosed on the Taiwan stock exchange website only after the Taiwan stock market opened on December 14th.

After the incident, the Taiwan authorities explicitly require companies to release information on the stock market before the opening of the stock market.

Lianhua electronics in the New York Stock Exchange issued by the United States depositary shares (ADR).

Cao Xingcheng said open letter published Wednesday in the media, the company did not consider earnings restatement statement on the Taiwan stock exchange website, because of its English statement for global investors, including investors, Taiwan.

Cao Xingcheng said: "we hope that critics and stock exchange managers can reconsider whether these criticisms and penalties are reasonable.