Henan Taiyuan Investment Guarantee Co., Ltd announced a private placement of CNY 2,300,000,000 on March 9, 2018. The transaction will involve participation from existing shareholder, Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) and other investors. Pursuant to the transaction, Chuying Agro-pastoral Group Co., Ltd will increase its stake from 22.67% to 65%. The transaction is subject to shareholders approval. The registered capital of the company will increase from CNY 860,000,000 to CNY 3,000,000,000.