Changzhou Wanan Auto Parts Technology Co., Ltd. announced a private placement of common shares for gross proceed of CNY 18,000,000 on April 3, 2019. The transaction will include participation from Wuhu Bethel Automotive Safety Systems Co., Ltd (SHSE:603596). Post-closing investor will hold 33.96% stake in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close within 10 days.