General Biologicals Corporation announced a private placement of 1,805,203 shares for TWD 43 per share for gross proceeds of TWD 77,623,729 on July 23, 2020. The transaction included participation from returning investor Hong Kong Chlitina International Limited which will change its stake from 20.05% to 19.71% stake after completion. The transaction has been approved by the board of investor Chlitina Holding Limited (TSEC:4137), parent of the investor.