UPEC Electronics Corp. (GTSM:3603) announced a private placement of 14,000,000 shares on March 3, 2014. The shares have a face value of TWD 10 per share and the price per share is yet to be determined.

On June 26, 2014, the company announced that it has amended the terms of the transaction. The company will now issue 7,000,000 shares at TWD 2 per share for gross proceeds of TWD 14,000,000. The company amended the price per share from TWD 1.8 per share to TWD 2 per share. The transaction will include participation from two individuals.