UMC Electronics Co., Ltd. (TSE:6615) announced that it will issue 13,235,296 common stock at a price of ¥340 for proceeds of ¥4,500,000,640 and 7,000 class A preferred shares at a price of ¥1,000,000 per share for proceeds of ¥7,000,000,000 for total gross proceeds of ¥11,500,000,640 on November 27, 2020. The company will issue class A preferred stock through third-party allotment method. The transaction will include participation from Toyota Tsusho Corporation (TSE:8015), NEXTY Electronics Corporation and Aisin Seiki Co., Ltd. (TSE:7259).