Ace Pillar Co., Ltd. announced that it expects to receive TWD 23.4 million in funding
May 15, 2023
Share
Ace Pillar Co., Ltd. announced a private placement of 2,340,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 23,400,000 on May 16, 2023. The transaction has been approved by the board of directors of the company.
ACE PILLAR CO., LTD is a Taiwan-based company principally engaged in the distribution of automatic mechatronics components. The Company operates in three business segments, including Taiwan segment, China Mainland segment and the Others segment. The Company provides frequency converters, including frequency converters and related components; automation drive and control systems, including general server motors and drivers, direct drive server motors and drivers, linear server motors and drivers; automation transmission series, including shaft joints, electromagnetic clutch brakes, limitators, decelerators, distribution plates, reducers, and speed-variators; controllers and monitoring systems, including programmable logic controllers (PLCs), computer numerical controllers (CNCs), human-machine interfaces (HMIs), as well as air compressors. The Company distributes its products within domestic market and to overseas markets.