Gansu Daye Geological Mining Co., Ltd announced a private placement of CNY 1,000,000,000 on June 8, 2018. The transaction will involve participation from existing investor, Gansu Gangtai Holding (Group) Co., Ltd. (SHSE:600687). The transaction has been approved in the 20th meeting of the 9th directorate of the investor. Pursuant to the transaction, the registered capital of the company will be CNY 1,800,000,000. The company reported total assets of CNY 7,748,529,697.43, total liabilities of CNY 5,861,062,526.42, net assets of CNY 4,968,843,852.75, net assets of CNY 1,887,467,171.01, operating revenue of CNY 4,968,843,852.75, total profit of CNY 685,572,280.10 and net assets of CNY 506,534,973.96.