Shang Shin Energy Co., Ltd announced that it has issued 20,000,000 shares at a price of TWD 10 per share for gross proceeds of NTD 200,000,000 on December 7, 2022. The transaction included participation from returning investor, Tatung Co., Ltd. to retain 100% stake in the company. The shares are issued at par.

The transaction has been approved by the board of directors.