Guangzhou Shiyuan Outpatient Department Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 170,000,000 on April 13, 2018. The transaction will involve participation from existing investors Guangzhou Shiyuan Electronic Technology Company Limited (SZSE:002841) for CNY 119,000,000 and Zhuhai Hengqin Jiance Investment Partnership Enterprise (Limited Partnership) for CNY 51,000,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 30,000,000 to CNY 200,000,000 and the investors will continue to hold their respective stakes in the company. The transaction was approved by Guangzhou Shiyuan Electronic Technology Company Limited (SZSE:002841) in the 4th session of its 3rd directorate and is subject to approval from its 2017 shareholders meeting. The company reported total assets of CNY 26,911,500, total liabilities of CNY 1,495,800, net assets of CNY 25,415,700, revenue of CNY 952,900, operating loss of CNY 5,467,600, and net loss of CNY 5,467,200 for the year ended December 31, 2017.