Bank Of CTS. JZ announced a private placement of 893,340,000 shares at CNY 1.5 per share for gross proceeds of CNY 1,340,010,000 on December 24, 2015. The transaction will include participation from new investors, Do-Fluoride Chemicals Co., Ltd. (SZSE:002407) for 50,000,000 shares to acquire 1.52% stake in the company.

As part of the transaction, the investors will acquire a total of 27.110507% stake in the company. Upon closing, the company will have a share capital of 3,295,180,000 shares. The transaction was approved in the 27th meeting of the 4th directorate of Do-Fluoride Chemicals Co., Ltd. The company reported total assets of CNY 27,063,850,700, total liabilities of CNY 24,289,880,200, net assets of CNY 2,773,970,500, revenue of CNY 758,839,900, total profit of CNY 339,016,700, and net profit of CNY 254,299,900 for the year ended December 31, 2014.