On October 27, 2020, Ming Yang Smart Energy Group Limited (SHSE:601615) closed the transaction. The company has issued 413,916,713 shares at a price of CNY 14.02 per share for gross proceeds of CNY 5,803,112,316.26. The company has incurred expenses of CNY 31,065,044.07 and received net proceeds of CNY 5,772,047,272.19 in the transaction.

The transaction included participation from Luoyang Xinqianglian Slewing Bearing Co., Ltd. (SZSE:300850) for 10,699,001 shares for CNY 149,999,994.02.