On January 12, 2017, Shanxi Zhangze Electric Power Co.,Ltd. (SZSE:000767) closed the transaction. The company amended the terms of the transaction and issued 823,204,419 A shares at a price of CNY 3.62 per share for gross proceeds of CNY 2,979,999,996.78. New investors, Manulife Teda Fund Management invested CNY 499,999,996.52 for 138,121,546 shares, CDBS Cathay Asset Management Co., Ltd. invested CNY 299,999,999.36 for 82,872,928 shares, China Intelligent Capital (Beijing) Asset Management Co., Ltd. invested CNY 999,999,996.66 for 276,243,093 shares, HuaAn Future Asset Management (Shanghai) Co., Ltd. invested CNY 499,999,996.52 for 138,121,546 shares, Caitong Fund Management Co., Ltd. invested CNY 84,000,011.26 for 23,204,423 shares and existing investor, Datong Coal Mine Group Co.,Ltd. invested CNY 595,999,996.46 for 164,640,883 shares. The investors acquired a total stake of 26.75% and respectively acquired 4.49%, 2.69%, 8.98%, 4.49%, 0.75% and 5.35% stakes in the company through the transaction. The company raised net proceeds of CNY 2,946,999,996.78 after deducting underwriting and sponsorship fees of CNY 33,000,000. Shares subscribed by Datong Coal Mine Group Co.,Ltd. may not be transferred within 36 months after the listing date and shares will start trading on January 23, 2020. Shares subscribed by other investors may not be transferred within 12 months after the listing date and shares will start trading on January 23, 2018.