On November 24, 2020, Riyue Heavy Industry Co., Ltd. (SHSE:603218) closed the transaction. The company issued 137,457,044 shares at a price of CNY 20.37 per share for gross proceeds of CNY 2,799,999,986.28. The company will incur issuance expenses of CNY 6,368,355.69 and receive net proceeds would be CNY 2,793,631,630.59 in the transaction.