Advanced Wireless Semiconductor Company (GTSM:8086) announced a private placement of 45,000,000 shares at an issue price of TWD 77.7 per share for gross proceeds of TWD 3,496,500,000 on August 6, 2020. The transaction will include participation from new investor Sino-American Silicon Products Inc. (GTSM:5483). The transaction is expected to close between August 7, 2020 and August 18, 2020.

The net value of shares is TWD 25.99 per share. As part of the transaction, the investor will acquire 22.53% stake in the company. The transaction has been approved by the board of directors and audit committee of the investor.