AustChina Holdings Limited (ASX:AUH) announced a private placement of 163,400,000 shares at AUD 0.006 per share for gross proceeds of AUD 980,400 on August 2, 2021. The securities will be issued to sophisticated and professional investors. The company will issue 1 attaching option for every 2 shares. investor is an exempt investor and is not a related party of the company. The transaction will be settled on August 4, 2021, and allotment of shares will be on August 5, 2021.