Bai-Yang Investment Holdings Corp announced that it expects to receive TWD 1.3 billion in funding from Far Eastern Department Stores, Ltd.

Baiyang Investment Co., Ltd. announced that it will issue 130,000,000 common shares at a price of TWD 10 per share for gross proceeds of TWD 1,300,000,000 on November 10, 2022. The transaction will include participation from returning investor Far Eastern Department Stores, Ltd. to retain 100% stake. The transaction has been approved by the board of directors of the Far Eastern Department Stores, Ltd. The transaction is expected to close on November 15, 2022.