On February 13, 2020, China Marine Information Electronics Company Limited (SHSE:600764) closed the transaction. The company issued 78,961,248 A shares at a price of CNY 26.76 per share for gross proceeds of CNY 2,113,002,996.48. The company received net proceeds CNY 2,110,889,993.48 after deducting issuance cost of CNY 2,113,003. The transaction included participation from Shanghai Junmin Ronghe Industry Equity Investment Fund Partnership Enterprise (Limited Partnership) for 3,026,905 shares for CNY 80,999,977.80, Guoxin Investment Co., Ltd. for 30,269,058 shares for CNY 809,999,992.08, Guoxin Yangqi Operation (Guangzhou) Investment Fund (L.P.), a fund managed by Guoxin Yangqi Operation Investment Fund Management (Guangzhou) Co., Ltd. for 15,797,832 shares for CNY 422,749,984.32, National Military-Civilian Integration Industry Investor Fund Co., Ltd. for 26,130,533 for CNY 699,253,063.08 and Junmin Ronghe Development Industry Investment Fund (Limited Partnership) for 3,736,920 for CNY 99,999,979.20. The transaction has been approved by the State-Owned Assets Supervision and Administration Commission of the State Council, State Administration of Science, Technology and Industry for National Defense.