Taiwan Thick-Film Ind. Corp (GTSM:6246) announced a private placement of 140,000,000 shares at TWD 3.04 per share for gross proceeds of TWD 425,600,000 on January 28, 2015.

On February 24, 2015, the company announced that the transaction will take place in three tranches. The first and the second tranche will include issuance of 50,000,000 shares each, and the third tranche will include issuance of 40,000,000 shares.

On March 2, 2015, the company announced that it has amended the terms of the transaction. The company will issue 140,000,000 shares at a price to be determined.