Chongqing Junli Real Estate Development Co., Ltd. announced a private placement of common shares on June 25, 2021. The transaction will include participation from existing investor Chongqing Yukaifa Co., Ltd (SZSE:000514). Post completion of transaction, the investor will retain 49% stakes in the company. The transaction has been approved at Twelfth Meeting of the Ninth Session of the Company's Board of Directors.