Sheng-Herr Precision Co., Ltd. announced a private placement to issue 323,800 Shares at an issue price of $1,000 per share for the gross proceeds of $323,800,000 on January 18, 2024. The transaction will include participation from returning investor Chung-Hsin Electric and Machinery Manufacturing Corp for 45% stake.The transaction has been approved by the directors of the investor. The Chung-Hsin Electric and Machinery Manufacturing Corp.

owns 19% of the total equities in the company.