AcSiP Technology Corp (GTSM:6403) announced a private placement of common shares with new investor, MediaTek Inc. for gross proceeds of TWD 196,000,000 in the third quarter of 2012. The investor will get a 10.19% stake in the company through this transaction. The transaction is expected to close in the third quarter of 2012.

On October 16, 2012, AcSiP Technology Corp closed the transaction. The company issued 1,960,000 shares at TWD 100 per share in the transaction.