TSEC Corporation announced that it has received TWD 614.99998 million in funding from National Development Fund, Executive Yuan, and another investor

TSEC Corporation announced private placement of 25,894,736 shares at an issue price of TWD 23.75 per share for gross proceeds of TWD 614,999,980 on December 3, 2021. The transaction involved participation from National Development Fund, Executive Yuan for 31.71% stake and new unspecified shareholder of company, which secured 68.29%.