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UMC Electronics Faces Tax Ruling in Mexico

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UMC Electronics Faces Tax Ruling in Mexico

Confident Investing Starts Here:

UMC Electronics Co., Ltd. ( (JP:6615) ) just unveiled an announcement.

UMC Electronics Co., Ltd. announced that its Mexican subsidiary, UMC Mexico, received a decision from the Mexican tax authorities regarding a tax assessment appeal. The ruling dismissed UMC Mexico’s claims and ordered a payment of 463 million pesos. The company is reviewing the decision and will disclose its response in due course.

More about UMC Electronics Co., Ltd.

UMC Electronics Co., Ltd. operates in the electronics industry, focusing on the production and supply of electronic components and systems. The company is listed on the Tokyo and Nagoya Stock Exchange and has a global market presence, including operations in Mexico.

YTD Price Performance: -14.13%

Average Trading Volume: 146

Technical Sentiment Signal: Buy

Current Market Cap: €45.26M

See more insights into 6615 stock on TipRanks’ Stock Analysis page.

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