Ge-Shing Cooperation announced a private placement of 7,653,061 common shares at a price of TWD 196 per share for gross proceeds of TWD 1,499,999,956 on November 1, 2022. The transaction will include participation from returning investor Sigurd Microelectronics Corporation which holds 45.55% stake in the company. The transaction has been approved by the board of directors of the investor.