Coland Holdings Limited (TSEC:4144) announced a private placement of not more than 25,000,000 shares at a proceeds of TWD 10 per share for gross proceeds of TWD 250,000,000 on April 27, 2018. The company will issue common for sponsoring overseas depository receipts or issue shares domestically. The transaction has been approved by the board of directors of the company. The transaction is subject to approval from the shareholders of the company.