Nextronics Engineering Corp. (GTSM:8147) announced a private placement of 2,950,000 common shares at a price of TWD 24.10 per share for gross proceeds of TWD 71,095,000 on November 26, 2018. The transaction will include participation from new investor SINBON Electronics Co., Ltd. (TSEC:3023).

The transaction is expected to close by the end of November 2018. The transaction has been approved by the board of directors of investor.