Partner Tech Corp (GTSM:3097) announced a private placement of 12,000,000 shares on June 12, 2014. The company did not disclose any further details for the transaction.

On August 7, 2014, the company announced that it will issue the shares at TWD 17.74 per share for gross proceeds of TWD 212,880,000. The payment date is from August 7, 2014 to August 21, 2014. The new share issue record date is August 21, 2014.

On August 8, 2014, the company announced that new investor, Qisda Corporation will invest for gross proceeds of TWD 212,880,000. The investor will acquire 15.98% stake in the company through this transaction.

On August 21, 2014, Partner Tech Corp closed the transaction.