Shenzhen Kingdom Sci-Tech Co., Ltd (SHSE:600446) announced a private placement of 18,200,984 shares at a price of CNY 14.23 per share for gross proceeds of CNY 259,000,002.32 on January 9, 2018. The transaction included participation from Caitong Fund Management Co., Ltd. for CNY 48,999,994.67, Taikang Asset Management Co., Ltd. for CNY 29,999,999.06, Bosera Asset Management Co., Ltd. for CNY 40,000,017.72, China Foreign Economy and Trade Trust Co., Ltd. for CNY 49,999,993.69, and returning investor, China Universal Asset Management Co., Ltd. for CNY 89,999,997.18. The securities to be issued are subject to a hold period of 12 months. The company has received net proceeds of CNY 233,566,040.06.