Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) announced a private placement of 69,771,700 shares at CNY 9.56 per share for gross proceeds of CNY 667,017,452 on November 21, 2014. The transaction has been approved at the 19th session of the 5th directorate meeting of the company. The company will issue shares to not more than 10 specific investors. The shares to be issued cannot be transferred for 12 months from issuance date. The closing of transaction is subject to receiving approval from the company's shareholders, the China Securities Regulatory Commission, and approvals from other institutions as required by law.

On May 20, 2015, the company announced that the transaction has been approved at the 24th session of 5th directorate meeting of the company.

On May 21, 2015, the company announced that it will raise CNY 2,583,984,118 in the transaction.

On May 29, 2015, the company obtained a written approval from Yunnan State-owned Assets Supervision and Administration Commission.

On June 5, 2015, the company announced that the transaction has been approved at its 2nd special shareholders' meeting of 2015.

On June 16, 2015, the company announced that China Securities Regulatory Commission has accepted the application related to the transaction.

On July 13, 2015, the company announced that it has amended the terms of the transaction. The company will now issue 274,599,800 shares at CNY 9.41 per share for gross proceeds of CNY 2,583,984,118.

On September 8, 2015, the company announced that the transaction has been approved by the China Securities Regulatory Commission.

On September 10, 2015, the company announced that Changjiang Financing Services Co., Limited will act as an independent financial advisor to the company. Yunnan Righteous Law Firm will act as legal advisor to the company. Ruihua Certified Public Accountants, LLP will act as accountant to the company.

On October 30, 2015, the company announced that it will issue 274,599,787 shares at CNY 9.41 per share for gross proceeds of CNY 2,583,983,995.67. Changjiang Financing Services Co., Limited will act as a lead underwriter to the company.

On April 26, 2016, Yunnan Chihong Zinc & Germanium Co., Ltd. closed the transaction. The company paid expenses of CNY 56,182,971.86 in the transaction. The company received net proceeds of CNY 2,527,801,023.81 in the transaction.