NavInfo Co., Ltd. (SZSE:002405) announced a private placement of not more than 132,864,394 shares at a price of CNY 25.59 per share for gross proceeds of CNY 3,399,999,842.46 on May 13, 2016. The transaction will include participation from existing investor, Tencent Collaboration Fund, a fund managed by Tencent Holdings Ltd., Investment Arm, which will subscribe 7,033,997 shares for gross proceeds of CNY 179,999,983.23, investors, Beijing Xindongneng Investment Fund (Limited Partnership), which will subscribe 15,631,105 shares for gross proceeds of CNY 399,999,976.95, Tianan Property Insurance Company Limited, which will subscribe 30,480,656 shares for gross proceeds of CNY 779,999,987.04, China Securities Co., Ltd., Investment Arm, which will subscribe 25,009,769 shares for gross proceeds of CNY 639,999,988.71, Huatai Asset Management Co., Ltd. which will subscribe 15,631,105 shares for gross proceeds of CNY 399,999,976.95, Linzhi Jinhua Investment Management Co., Ltd., which will subscribe 13,677,217 shares for gross proceeds of CNY 349,999,983.03, Nanjing Huatai Ruilian Merger and Acquisition Fund No. 1 (Limited Partnership), a fund managed by Nanjing Huatai Ruilian Equity Investment Fund Management Partnership Enterprise, which will subscribe 11,723,329 shares for gross proceeds of CNY 299,999,989.11, Shenzhen Anpeng Capital Innovation Co., Ltd., which will subscribe 7,815,552 shares for gross proceeds of CNY 199,999,975.68, and Longhua Qifu Investment Co., Ltd., which will subscribe 5,861,664 shares for gross proceeds of CNY 149,999,981.76.