On June 4, 2020, Yechiu Metal Recycling (China) Ltd. (SHSE:601388) closed the transaction. The company issued 176,326,086 shares at CNY 1.38 per share for gross proceeds of KRW . The shares issued in the transaction are subject to hold period of 36 months. The par value of the shares is CNY 1 per share. The shares are issued at a premium. The company paid an issuance fee of CNY 2,777,542.71 and received net proceeds of CNY 240,552,457.29.