Shanghai Guangyu Automobile Air Conditioning Compressor CO., Ltd announced a private placement of 7,360,000 common shares at CNY 2.85 per share for gross proceeds of CNY 20,976,000 on August 31, 2016. The transaction will include participation from new investors Everbright Securities Company Limited (SHSE:601788), Soochow Securities Co., Ltd. (SHSE:601555), individual investors Enzu Zhang, Shaoxiong Li, Yaojun Dong, Yibo Zhang, Rongxing Dong, Rongfang Dong, Changming Li, Daxing Quan, Bin Zhu, Yongmei Chen, Zhongmin Quan, Weiqiang Huang, Peng Wu, Wei Wang, Guoliang Wen, Hu Yang, Yanqi Miao, Lifang Yao, Weili Su, Hui Fang, Yutong Yin, Keqiang Cao, Jianxin Xu, Xueli Zhang, Jialin Shi, Qing Yang, Xiao Chu, and Yuying Li. The transaction has been approved by the Shanghai Certified Public Accountants (Special General Partnership).