Changchun High & New Technology Industry (Group) Inc. (SZSE:000661) announced a private placement of common shares or convertible bonds on March 6, 2019. The transaction will include participation from not more than 10 specific investors. The transaction was approved by the board of directors of the company at the 6th session of its 9th directorate meeting. The transaction is subject to approval by the state-owned assets supervision and administration department, shareholders of the company, and China Securities Regulatory Commission.