Shenzhen Terca Technology Co., Ltd. (SZSE:002213) announced a private placement of up to 67,500,000 shares at no less than CNY 7.13 per share for gross proceeds up to CNY 481,275,000 on January 1, 2014.

On January 20, 2014, the company announced that the transaction was approved by the shareholders at the 1st Extraordinary General Meeting of 2014.