GCS Holdings, Inc. announced that it expects to receive TWD 815.8 million in funding from JORAY CO.,LTD, Ronly Venture Corp., Chuanwei Investment Co., Ltd. and other investors
December 09, 2021
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GCS Holdings, Inc. announced a private placement of not more than 20,000,000 common shares at a price of TWD 40.79 per share for gross proceeds of TWD 815,800,000 on December 10, 2021. The transaction will include participation from CHONG-HE XIAO, JORAY CO.,LTD, Ronly Venture Corp., Chuanwei Investment Co., Ltd. and insiders of the company including SHIH-YU WEI, Calystar Investment Corp. and YU-ZHEN CHEN. The transaction has been approved in the extraordinary shareholder meeting of the company. The subscription period will be from December 10, 2021 to December 24, 2021. The payment date is on December 24, 2021. The shares are subject to a hold period of three years from issuance.
GCS Holdings, Inc. is a Cayman Islands-based holding company of Global Communication Semiconductors, LLC (GCS LLC). The Company through its subsidiaries, develops, manufactures, markets, sells integrated circuits chips. It provides foundry services to integrated device manufacturers and fabless design houses, targeting wireless, power electronics, optoelectronics, and telecommunication markets. The GCS LLC provides pure-play foundry services for III-V compound semiconductor radio frequency integrated circuits, power electronics and optoelectronics (the foundry service business), as well as manufactures and markets compound semiconductor optical wafers and chips under its own brand (the component business). The GCS LLC's customers are primarily United State-based integrated device manufacturers (IDMs) and fabless design houses. The optoelectronic products from GCS LLC's component business are sold to distributors and electronic device manufacturers based in China and Taiwan.
GCS Holdings, Inc. announced that it expects to receive TWD 815.8 million in funding from JORAY CO.,LTD, Ronly Venture Corp., Chuanwei Investment Co., Ltd. and other investors
GCS HOLDINGS, INC. 
