Bank SinoPac Co.Ltd. announced a private placement of up to 670,000,000 shares, par value of TWD 10 per share at a price of TWD 15 per share for gross proceeds of TWD 10,050,000,000 on November 18, 2022. The transaction will include participation from returning investor SinoPac Financial Holdings Company Limited to retain 100% stake. The transaction has been approved the board of directors of the company.

The transaction is expected to close on March 3, 2023.