Jiangsu Shentong Valve Co., Ltd. (SZSE:002438) announced a private placement of up to about 30,000,000 shares at a price of CNY 18.266667 per share for gross proceeds of up to CNY 548,000,000 on February 4, 2016. The transaction is subject to be approved at its 1st extraordinary general meeting of 2016, to be held on February 24, 2016.