Guangzhou Hangxin Aviation Technology Co., Ltd. (SZSE:300424) announced that it will issue not more than 71,960,371 shares for a total gross proceeds of up to CNY 1,000,000,000 October 19, 2020. The transaction will include participation from not more than 35 specific investors. The transaction is subject to approval from Shenzhen Stock Exchange and by the China Securities Regulatory Commission. The transaction has been approved by the 21st meeting of the 4th directorate of the investor. The security shall not be transferred within six months from the end of the issuance. The transaction will be valid for twelve months from the date of general meeting of shareholders .