TCLAD Technology Corporation announced a private placement of 29,800,000 common shares at a price of TWD 45 per share for gross proceeds of TWD 1,341,000,000 on August 11, 2020. The transaction will include participation from returning investor Polytronics Technology Corporation (TSEC:6224) for 16,882,000 shares equivalent to TWD 759,690,000. The transaction has been approved at the board of director of the investor.