Hunantv.com Interactive Entertainment Media Co., Ltd. announced a private placement of CNY 1,983,911,813.91 on July 11, 2019. The transaction will include participation from returning investor, Mango Excellent Media Co., Ltd. (SZSE:300413). The company will issue common shares in the transaction. The transaction has been approved at the investor's 3rd directorate’s 23rd meeting. The transaction has also been approved by the investor's 3rd supervisory board in its 14th meeting. The transaction does not need the approval of the investor's shareholders. The company's current registered capital is CNY 242,470,013.