Concord Industries Limited announced a private placement of 18,000,000 shares at a price of $1 per share for gross proceeds of $18,000,000 from existing investor, Walsin Lihwa Corporation (TSEC:1605) on January 23, 2019. The shares were issued at par. Post the closing, the investor continues to hold 100% stake in the company. The transaction has been approved by the board of directors of the investor.