Estun (Nanjing) Medical Technology Co., Ltd. announced a private placement of common shares for gross proceeds of $11,800,000 (CNY 79,239,360) on March 26, 2019. The transaction will involve participation from existing investor, Estun Automation Co., Ltd (SZSE:002747) and new investor, Nanjing Paileisite Technology Co., Ltd. The investors will gradually invest in the company within the next two years. Post-closing of the transaction, Nanjing Paileisite Technology Co., Ltd. will hold 60% stake, Estun Automation Co., Ltd (SZSE:002747) and Barrett Technology, LLC will hold 20% stake each in the company. The registered capital of the company is $4,000,000 (CNY 26,860,800). The transaction has been approved by the board of directors of the company at its 14th session of the 3rd directorate.