Inner Mongolia Denghai Liaohe Seeds Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 5,000,000 on December 29, 2016. The transaction will include participation from returning investors, ShanDongDenghai Seeds Co.,LTD (SZSE:002041) for CNY 2,800,000 to retain its 56% stake in the company, Zhao Fengchun for CNY 950,000 to retain its 19% stake in the company, Li Yueli for CNY 1,063,000 to retain its 21.26% stake in the company, and Zhao Tian for CNY 187,000 to retain its 3.74% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 15,000,000. The company has reported total assets of CNY 11,211,957.68, total liabilities of CNY 1,421,716.35, net assets of CNY 9,790,241.33, revenue of CNY 2,066,680, and net profit of CNY -209,758.67 for the year ended December 31, 2015.