Tung Kang Wind Power Corp announced a private placement of 50,000,000 shares at a unit price of TWD 10 for the gross proceeds of TWD 500,000,000 from returning investor Tung Ho Steel Enterprise Corporation on July 15, 2021. On post completion, The investor will have cumulative of 65,500,000 shares, TWD 655,000,000 and 100% stake in the company.