Chung-Hsin Electric and Machinery Manufacturing Corp. (TSEC:1513) announced a private placement of 6,551,000 common shares at a price of TWD 58.33 per share for gross proceeds of TWD 382,119,830 on November 17, 2020. The transaction will include participation from CMC Magnetics Corporation (TSEC:2323).

The operational capital of the company is 6,793,598,000