Industrial Investment Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 2,000,000,000 on August 28, 2017. The transaction will include participation from returning investor Industrial Securities Co., Ltd. (SHSE:601377) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 1,000,000,000 to CNY 3,000,000,000. The transaction has been approved by the board of directors of the investor at its 26th session of its 4th directorate. The company has reported total assets of CNY 861,338,420.97, net assets of CNY 807,776,124.06, revenue of CNY 9,280,080.75, and net profit of CNY 6,877,576.63 for the year ended December 31, 2016.