CTCI Private Placement of 45.099 Million Shares, Delta Electronics, TSRC Group, Ta Ya Participate in Subscription
CTCI Corporation is conducting a private placement of 45.099 million common shares, aiming to raise approximately NT$1.6 billion, with a price of NT$35.48 per share, a slight premium of 2.3% over today's closing price of NT$34.65. This move is intended to strengthen its financial structure and secure operating funds due to an accounts receivable issue from its subsidiary CTCIA. Strategic investors include Delta Electronics, TSRC Group, and Ta Ya Electric Wire & Cable. This alliance is expected to enhance CTCI's competitiveness in AI infrastructure, circular economy, net-zero, and Middle East reconstruction markets.
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- 📰 Published: April 14, 2026 at 19:09
- 🔍 Collected: April 14, 2026 at 19:31 (22 min after Published)
- 🤖 AI Analyzed: April 14, 2026 at 21:55 (2h 23m after Collected)
Taipei, April 14 (CNA) CTCI Corporation, Taiwan's largest turnkey engineering contractor, is conducting a private placement, today announcing its plan to issue 45.099 million common shares at a private placement price of NT$35.48 per share, expected to raise approximately NT$1.6 billion. This represents a slight premium of 2.3% compared to today's closing stock price of NT$34.65.
CTCI today announced the subscribers for its private placement, including heavyweight companies such as Delta Electronics, TSRC Group, and Ta Ya Electric Wire & Cable. Among them, Delta Electronics subscribed to 28.184 million shares, accounting for over 60% of this private placement. TSRC Group's subsidiaries, TSRC and APPC, each subscribed to 4.230 million shares, totaling approximately 8.460 million shares. Ta Ya also subscribed to 8.455 million shares.
CTCI's subsidiary CTCIA undertook the BKRF project, but due to the owner's parent company GCEH filing for reorganization under relevant US regulations, accounts receivable of approximately NT$19.604 billion were stalled. To address this, CTCI's shareholders' meeting in May 2025 approved a private placement for a cash capital increase by issuing common shares, with a total amount not exceeding 90 million shares. The board of directors was authorized to conduct this in three tranches within one year, hoping to inject operating funds and strengthen the financial structure.
CTCI stated today that the planned issuance for this round is 45.099 million shares, and the remaining unissued amount will not be proceeded with as the deadline is approaching.
CTCI issued a press release today stating that this private placement introduces global power management leader Delta Electronics, petrochemical industry benchmark TSRC Group, and energy connection expert Ta Ya Group as strategic investors, marking a milestone strategic layout for the group. CTCI stated that this private placement is not only about capital injection but also about forming Taiwan's most internationally competitive technology engineering strategic alliance. The private placement price was not discounted, indicating the investment partners' high recognition of CTCI's long-term operational value and vision. Through this strategic alliance, CTCI will connect its EPC turnkey engineering with Delta Electronics' smart energy, TSRC's high-value materials, and Ta Ya's energy connection, forming a strong partnership to seize trillion-dollar business opportunities in global AI, net-zero, and Middle East reconstruction. CTCI stated that in the face of global decarbonization trends and the explosion of AI computing power, introducing partners with highly complementary technologies will comprehensively enhance CTCI's technical threshold and profitability in AI infrastructure and circular economy fields. It also expects to work together to move from data centers to AI computing centers, from energy storage green power to microgrids, and from plant systems to production line automation. (Editor: Chang Liang-Chih) 1150414
CTCI today announced the subscribers for its private placement, including heavyweight companies such as Delta Electronics, TSRC Group, and Ta Ya Electric Wire & Cable. Among them, Delta Electronics subscribed to 28.184 million shares, accounting for over 60% of this private placement. TSRC Group's subsidiaries, TSRC and APPC, each subscribed to 4.230 million shares, totaling approximately 8.460 million shares. Ta Ya also subscribed to 8.455 million shares.
CTCI's subsidiary CTCIA undertook the BKRF project, but due to the owner's parent company GCEH filing for reorganization under relevant US regulations, accounts receivable of approximately NT$19.604 billion were stalled. To address this, CTCI's shareholders' meeting in May 2025 approved a private placement for a cash capital increase by issuing common shares, with a total amount not exceeding 90 million shares. The board of directors was authorized to conduct this in three tranches within one year, hoping to inject operating funds and strengthen the financial structure.
CTCI stated today that the planned issuance for this round is 45.099 million shares, and the remaining unissued amount will not be proceeded with as the deadline is approaching.
CTCI issued a press release today stating that this private placement introduces global power management leader Delta Electronics, petrochemical industry benchmark TSRC Group, and energy connection expert Ta Ya Group as strategic investors, marking a milestone strategic layout for the group. CTCI stated that this private placement is not only about capital injection but also about forming Taiwan's most internationally competitive technology engineering strategic alliance. The private placement price was not discounted, indicating the investment partners' high recognition of CTCI's long-term operational value and vision. Through this strategic alliance, CTCI will connect its EPC turnkey engineering with Delta Electronics' smart energy, TSRC's high-value materials, and Ta Ya's energy connection, forming a strong partnership to seize trillion-dollar business opportunities in global AI, net-zero, and Middle East reconstruction. CTCI stated that in the face of global decarbonization trends and the explosion of AI computing power, introducing partners with highly complementary technologies will comprehensively enhance CTCI's technical threshold and profitability in AI infrastructure and circular economy fields. It also expects to work together to move from data centers to AI computing centers, from energy storage green power to microgrids, and from plant systems to production line automation. (Editor: Chang Liang-Chih) 1150414