National Development Fund Initiates Exit Mechanism, Reports Intent to Sell United Renewable Energy Shares
Taiwan's National Development Fund (NDF) has initiated its exit mechanism from United Renewable Energy (URE), a solar power company that has been facing persistent losses, by reporting its intent to sell shares.
📋 Article Processing Timeline
- 📰 Published: April 11, 2026 at 00:06
- 🔍 Collected: April 11, 2026 at 00:17 (11 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 06:24 (222h 7m after Collected)
Looking back at the background of the National Development Fund's investment in United Renewable Energy, it was due to New Sunshine Energy Technology Corporation facing strong low-price competition from China's solar industry and planning to form a more competitive solar alliance. Therefore, after merging with Green Energy Technology Inc. and Solartech Energy Corporation, it was renamed United Renewable Company, and applied to the National Development Fund for investment through the Industrial Innovation and Transformation Fund.
After the investment application of New Sunshine Company passed the National Development Fund's three-stage review process, including the Policy Assessment Committee, Investment Review Committee, and Management Committee, the National Development Fund participated in investing in the merged United Renewable Company in October 2018.
Later, United Renewable continued to incur losses, leading to controversies such as corporate governance issues. The National Development Fund began an exit assessment in 2024. Although the holding period has long exceeded the principle of five years, the exit progress has not been as smooth as expected, drawing public attention.
According to the announcement, the National Development Fund reported on the 10th its intention to transfer a total of 4,201,476 shares through 'ordinary transactions.' The transfer period is from April 13th to May 12th, with an expected remaining shareholding of 94,573,203 shares after the transfer. The National Development Fund stated that this is a routine handling of the exit mechanism, and prior reporting is required by regulations. (Editor: Yang Lan-hsuan) 1150410
After the investment application of New Sunshine Company passed the National Development Fund's three-stage review process, including the Policy Assessment Committee, Investment Review Committee, and Management Committee, the National Development Fund participated in investing in the merged United Renewable Company in October 2018.
Later, United Renewable continued to incur losses, leading to controversies such as corporate governance issues. The National Development Fund began an exit assessment in 2024. Although the holding period has long exceeded the principle of five years, the exit progress has not been as smooth as expected, drawing public attention.
According to the announcement, the National Development Fund reported on the 10th its intention to transfer a total of 4,201,476 shares through 'ordinary transactions.' The transfer period is from April 13th to May 12th, with an expected remaining shareholding of 94,573,203 shares after the transfer. The National Development Fund stated that this is a routine handling of the exit mechanism, and prior reporting is required by regulations. (Editor: Yang Lan-hsuan) 1150410