COSCO SHIPPING Holdings Co., Ltd. (SEHK:1919) announced a private placement of 111,111,111 A shares at a price of CNY 3.78 per share for gross proceeds of CNY 419,999,999.58 on January 9, 2019. The transaction will involve participation from returning investor Shanghai Zhenhua Heavy Industries Co., Ltd. (SHSE:900947). The transaction has been approved by the investor's directors in its 4th session of the 7th directorate.