Seiko Pmc (Zhangjiagang) Corporation announced that it will receive $4.5 million in a round of funding from existing investor Seiko PMC Corporation on September 30, 2013. The company will issue equity securities in the transaction. Upon completion of the transaction, the registered capital of the company will increase to $19 million and Seiko PMC Corporation will continue to hold a 100% stake in the company.

The transaction was approved by the board of directors of the investor. The transaction is expected to close in December 2013.