On December 14, Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) closed the transaction. The company issued 168,621,700 shares at a price of CNY 6.82 per share for gross proceeds of CNY 1,149,999,994. The shares issued will be subject to a lock in period of 36 months since the date of issuance. The company raised a net proceeds of CNY 1,139,885,724.79.