Golden Biotechnology Corp. (GTSM:4132) announced a private placement of up to 30,000,000 shares at TWD 45 per share for gross proceeds of up to TWD 1,350,000,000 on September 26, 2013. The transaction will include participation new investor, Xiamen Kingdomway Group Company will subscribe to 5,000,000 shares for not more than TWD 225,000,000. The transaction was approved in 6th session of the 5th directorate meeting and 5th session of the 5th board of supervisors' meeting of the investor. After the completion of the transaction, the investor will hold not more than 5.17% stake in the company.

On the same date, the company announced that it has signed agreement with the investor.

On October 8, 2013, the company announced that 6th session of the 4th directorate meeting of the investor approved the transaction.

On January 24, 2014, Golden Biotechnology Corp. closed the transaction. The company announced that it has issued 1,000,000 shares to Huang Mingliang for gross proceeds of TWD 45,000,000.