Shanxi Chinalco Huarun Co., Ltd. announced a private placement of common shares on January 12, 2017. The transaction will involve participation from Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983) and other investors. The company has signed a capital increase share expansion agreement with the investors. The transaction has been approved by Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983) at its 6th directorate’s 16th meeting.