Guangdong Yilaide Building Material Co., Ltd announced a private placement of CNY 40,000,000 on June 7, 2018. The transaction will involve participation from existing investor, Keshun Waterproof Technology Co., Ltd. (SZSE:300737). The transaction has been approved in the 2nd meeting of the 2nd directorate of Keshun Waterproof Technology Co., Ltd. (SZSE:300737). The company reported total assets of CNY 16,762,800, total liabilities of CNY 10,220,900, net assets of CNY 6,541,800, operating revenue of CNY 64,052,400 and net profit of CNY 1,132,200 for the year ended December 31, 2017. Pursuant to the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 50,000,000.