Ennoconn Corporation announced a private placement of 4,880,000 common shares at an issue price of TWD 226.92 per share for gross proceeds of TWD 1,107,369,600 on January 4, 2022. The transaction will include participation from Google International LLC. The transaction has been approved by the board of directors of the company.

The transaction is expected to close in between January 5, 2022 and January 11, 2022. The shares are subject to a hold period of three years.