Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. (SZSE:002585) announced a private placement of 180,000,000 common shares at CNY 11.111111 per share for gross proceeds of CNY 2,000,000,000 on November 19, 2015. The transaction will include participation from ten designated investors. The transaction is subject to shareholders' approval at its 2nd Extraordinary General Meeting of 2015 to be held on December 8, 2015 and government regulatory approval.