Nippon Chemi-Con Corporation announced a private placement of 1,625,100 common shares at an issue price of ¥1,480 per share for the gross proceeds of ¥2,405,148,000 on October 10, 2023. The transaction will include participation from new investor Samyoung Electronics Co., Ltd. The transaction has been approved by the shareholders of the company. The transaction is expected to close on November 14, 2023.