China Jushi Co., Ltd. (SHSE:600176) announced a private placement of up to 242,954,300 common shares at no less than CNY 20.58 per share for gross proceeds of up to CNY 5,000,000,000 on May 5, 2015. The transaction was approved at its 6th session of the 5th directorate meeting. The transaction is subject to approval from State-owned Assets Supervision and Administration Commission of the State Council.