Eastech Electronics (HK) Limited announced a private placement of 75,000,000 shares at a price of HKD 0.53 per share for gross proceeds of HKD 39,750,000 on January 22, 2021. The transaction will include participation from returning investor Eastech Holding Limited (TSEC:5225). On closing, the investor retains its 100% stake in the company. The transaction was approved by the board of directors of the investor.