Shenzhen Chiwan Wharf Holdings Limited (SZSE:200022) announced a private placement of 128,952,746 A shares for gross proceeds of not more than CNY 4,000,000,000 on June 19, 2018. The transaction will include participation from not more than 10 investors. The transaction has been reviewed and approved at the 5th extraordinary meeting of the 9th directorate of company. The transaction has been approved by the Hong Kong Securities Regulatory Commission. The transaction is subject to shareholders’ approval and China Securities Regulatory Commission approval.