Capital Concord Enterprises Limited announced a private placement of 347,100,000 common shares at a price of HKD 1 per share for gross proceeds of HKD 347,100,000 on November 6, 2020. The transaction will include participation from returning investor Fulgent Sun International (Holding) Co., Ltd. (TSEC:9802) to retain its 100% stake in the company. No broker fee will be paid in the transaction. The transaction has been approved by the board of directors of the company.