Yanbian Shixian Bailu Paper Making Co., Ltd. (SHSE:600462) announced a private placement of 18,000,000 shares at CNY 2.95 per share with new investor, Huarong Securities Co., Ltd. for gross proceeds of CNY 53,100,000 on November 4, 2012. The investor will acquire 3.37% stake in the company through this transaction. The investor will pay full amount before November 7, 2012.