An interesting development indeed. Bungy, I would've thought the 3.25% or ~5 million shares could not have been accumulated over the past week or so and they would have passed the 5% threshold without informing the ASX in the time they are supposed to.
As this is a relevant interest, it's going to be interesting if UMC push for more details (I'd especially like to see if they have been buying AND selling on market - could explain some games being played). If we don't see more details it could be that a special crossing was done off market that took them to 8.25% in the past few days.
Anyone rang Matt or Barry yet? :P
Cheers UIO
UMC Price at posting:
$1.30 Sentiment: Buy Disclosure: Held
