Walsin Singapore PTE. Ltd. announced a non-brokered private placement of 300,000,000 common shares at a price of $1 per share for gross proceeds of $300,000,000 on November 4, 2022. The transaction will include participation from returning investor, Walsin Lihwa Corporation. The transaction has been approved by the board of directors of the company.

As of the same date, the company amended the terms of the transaction and will now issue 425,200,000 shares at a price of $1 per share for gross proceeds of $425,200,000.