National Development Fund: Divestment of United Renewable Energy Shares is Routine Exit, Green Energy Remains Key Industry
Taiwan's National Development Fund (NDF) announced a routine divestment of 4,201,476 shares in United Renewable Energy Co., Ltd. (UREC) on April 13, 2024. This action is part of a planned exit strategy after achieving strategic investment objectives, as NDF investments are reviewed after five years. The NDF initially invested in UREC in 2018 to support the solar energy industry. Post-divestment, NDF will retain 94,573,203 shares, representing 5.81% of UREC, and will maintain a board seat to ensure corporate governance. The NDF reiterated that green energy remains a key national strategic industry.
📋 Article Processing Timeline
- 📰 Published: April 13, 2026 at 21:29
- 🔍 Collected: April 13, 2026 at 22:01 (32 min after Published)
- 🤖 AI Analyzed: April 13, 2026 at 22:04 (2 min after Collected)
The National Development Fund (NDF) initiated its exit mechanism by divesting shares in United Renewable Energy Co., Ltd. (UREC), which impacted UREC's stock price on April 13, 2024. The NDF clarified that this is a routine exit operation after achieving its phased strategic investment objectives, and it does not signify a shift in industrial support goals. The green energy industry remains a key national strategic industry. The NDF invested in UREC in 2018 (ROC Year 107) under the 'Industrial Innovation and Transformation Fund Operating Guidelines' to assist the solar energy industry in promoting mergers, upgrades, and new business models. According to these guidelines, NDF investments are subject to review after more than five years. The NDF considered that its strategic investment objectives had been achieved, thus proceeding with the divestment to recover funds for continued investment in domestic industrial development and to fulfill its policy investment function. The NDF plans to transfer 4,201,476 shares of UREC. After the transfer, the NDF will still hold 94,573,203 shares, accounting for 5.81% of UREC's total shares. Following the divestment, the NDF will retain a board seat and continue to participate in board operations to help strengthen corporate governance.