Aerospace Hi-Tech Holding Group Co.,Ltd (SZSE:000901) announced that it has entered into a SASAC's agreement for a private placement of up to 32,915,975 shares at no less than CNY 50.94 per share for gross proceeds of up to CNY 1,676,739,766.5 on January 14, 2016. The round will see participation from not more than 10 specific investors. The transaction was approved at 36th meeting of the company's 5th directorate and by the State-owned Assets Supervision and Administration Commission of the State Council .