Jiangxi Lianchuang Optoelectronic Science And Technology Co., Ltd. (SHSE:600363) announced a private placement of 36,705,882 A shares at a minimum price of 12.75 per A share for gross proceeds of up to CNY 467,999,995.5 on May 20, 2016. The transaction will include participation from individual investor, Deng Kaiyuan. The transaction has been approved in the 24th meeting of the 6th directorate of the company. The transaction is subject to approval from shareholders of the company and China Securities Regulatory Commission.