Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) announced a private placement of 321,875,000 equity shares at a price of CNY 7.68 per shares for gross proceeds of CNY 2,472,000,000 on June 29, 2015. The transaction issuance expense is CNY 100,000,000. The company announced that the transaction has been approved the China Securities Regulatory Commission.

The securities being issue are subject to a hold period of 12 months from the new share listing date. The transaction listing date will be January 29, 2016.