Waste Recovery Technology Inc. announced a private placement of 1,300,000 common shares at a price of TWD 98 per share for gross proceeds of TWD 127,400,000 on August 12, 2019. The transaction will include participation from Acter Co., Ltd. (GTSM:5536). The transaction has received approval from board of director of the investor.

The transaction is expected to close on August 15, 2019.