China ZhongDi Dairy Holdings Company Limited (SEHK:1492) announced that it has entered into a share subscription agreement with new investor HongKong Jingang Trade Holding Company Limited for a private placement of 432,641,522 common shares at a price of HKD 0.47 per share for gross proceeds of HKD 203,341,515.34 on July 31, 2020. As a part of the transaction, investor will acquire 16.6% stake in the company.