Hunan Zhuye Nonferrous Metals Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 2,381,000,000 on October 30, 2018. The transaction will involve participation from returning investor Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961) for CNY 1,884,960,000 to retain its 79.16% stake in the company and Hunan Xiangtou Jinye Private Equity Investment Fund Enterprise (Limited Partnership) for CNY 496,040,000 to retain its 20.84% stake in the company, after Hunan Xiangtou Holdings Group Co., Ltd. transfers its existing stake of 20.84%. The registered capital of the company will increase from CNY 19,000,000 to CNY 2,400,000,000. The transaction is subject to approval from the shareholders of the Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961).