Pleasant Hotels International Inc. announced a private placement of 3,000,000 common shares at a price of TWD 38.2 which is not lower than 80% of the reference price for the gross proceeds of TWD 114,600,000 on June 6, 2023. The transaction will include participation from new investors, Luwei Industrial Co., Ltd and Xu Qicheng. The transaction has been approved by the board of director of the company.