Golden Canyon Venture Capital Investment Co.,Ltd announced that it expects to receive TWD 574 million in funding from Chien Kuo Construction Co., Ltd.
July 30, 2020
Share
Golden Canyon Venture Capital Investment Co.,Ltd announced a private placement of 57,400,000 shares at a price of TWD10 per share for the gross proceeds of TWD 574,000,000 on July 30, 2020. The transaction will include participation from existing investor Chien Kuo Construction Co., Ltd. (TSEC:5515). The transaction has been approved by board of directors of the company and the audit committee.
CHIEN KUO CONSTRUCTION CO., LTD. is a Taiwan-based company principally engaged in the provision of construction, concrete and engineering services. The Company operates in two segments. Its engineering segment involves in the provision of residential building engineering, urban building modification, high technology factory construction, public facility construction, commercial building engineering services, total process management construction, construction materials trading, as well as limestone mining and distribution, among others. Its concrete segment involves in the production and distribution of concretes and concrete products. The Company operates its businesses primarily in Taiwan.
CHIEN KUO CONSTRUCTION CO., LTD. 
