FE Investments Group Limited (ASX:FEI) announced that it has signed a conditional share placement agreement with CNZF Management Co. Ltd. and existing investor Sunbow Limited for private placement of 45,000,000 shares at a price of AUD 0.075 per share for gross proceeds of AUD 3,375,000 on July 30, 2019. CNZF Management Co. Ltd. represented by Cook Huang will acquire 25,000,000 shares for AUD 1,875,000 and Sunbow Limited represented by Fang Sun will acquire 20,000,000 shares for AUD 1,500,000. The transaction is subject to approval of shareholders of the company at the General Meeting to be held on September 12, 2019.