Guangzhou Kehe Energy Development Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 25,280,000 on October 25, 2017. The transaction will involve participation from Guangdong Enguang Energy Development Co., Ltd. for CNY 1,264,000 and Jilin Power Share Co.,Ltd. (SZSE:000875) for CNY 24,016,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 10,000,000 CNY 35,280,000. The transaction has been approved by Jilin Power Share Co.,Ltd. (SZSE:000875) at the 19th meeting of its 7th directorate and is not subject to approval from its shareholders. The company reported total assets of CNY 51,740,200 and total liabilities of CNY 51,740,200 for the year ended December 31, 2016.