Formosa Plastics Construction Corp announced that it has issued 50,000,000 common shares at a price of TWD 10 per share for gross proceeds of TWD 500,000,000 on November 3, 2023. The transaction included participation from returning investor, Nan Ya Plastics Corporation. Post closing, the investor continue to hold 33.33% stake in the company.

The transaction has been pending for approval from board of directors of the company.