December 14, 2016 / 9:11 AM / 7 months ago

REFILE-BRIEF-UMC to buy stake in Best Elite, board approves capex for capacity expansion

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(Refiles to format headline)

Dec 14 (Reuters) - United Microelectronics Corp

* Says it plans to buy up to 8.9 percent stake in Best Elite International for up to $67.5 million

* Says board approves capex plan of T$9.0 billion ($283.57 million) for capacity expansion

Source text on Eikon:

Further company coverage: ($1 = 31.7380 Taiwan dollars) (Reporting by Hong Kong newsroom)

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