On December 14, 2020, Minmetals Capital Company Limited (SHSE:600390) closed the transaction. The company issued 30,000,000 preferred shares for gross proceeds of CNY 3,000,000,000 in its second and final tranche. The company has paid a issuance fees of CNY 8,454,009.42 in the second tranche and the net proceeds of second tranche is CNY 2,991,545,990.58.