Yieh United Steel Corp. (GTSM:9957) announced a private placement of 120,000,000 shares at TWD 7 per share for gross proceeds of TWD 840,000,000 on February 16, 2017. Returning investor Yieh Phui Enterprise Co., Ltd. (TSEC:2023) will subscribe to 29,268,000 shares for gross proceeds of TWD 204,876 in the transaction.

The transaction has been approved by the board of directors of the investor.