Leejun Holdings (Singapore) Pte Ltd announced a private placement of common shares for gross proceeds of $30 million on June 16, 2021. The transaction will include participation from returning investor Chengdu Leejun Industrial Co., Ltd. (SZSE:002651). The transaction has been approved at the 28th meeting of the fourth board of directors of the investor. As a result, company's registered capital will increase from $10 million to $40 million, and the investor will continue to hold 100% stake in the company. The transaction does not need to be submitted to the investor's general meeting of shareholders for approval.