Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. (SZSE:300293) announced a private placement of no more than 54,000,000 A shares for gross proceeds of not more than CNY 1,000,340,000 on May 8, 2017. The transaction will include participation from not more than 5 specific investors. The issue price is to be determined based on the regulations, price auction results and the negotiation with the lead underwriter of this issuance. The transaction was approved at the 12th session of the 3rd directorate of the company. The transaction is subject to approval from the shareholder's of the company and the China Securities Regulatory Commission.