Tongkun Group Co., Ltd. (SHSE:601233) announced a private placement of 268,336,300 shares on January 14, 2016. The transaction involve participation from Zhejiang Tongkun Holding Group Co., Ltd. for 26,833,631 shares, Golden Eagle Asset Management Co., Ltd. for 53,881,932 shares, CCB Principal Asset Management Corporation Limited for 53,670,000 shares, Western Leadbank Fund Management Co., Ltd. for 53,670,000 shares, China Life AMP Asset Management Co., Ltd. for 26,833,631 shares and Shanghai Goldstate Brilliance Asset Management Co., Ltd. for 26,833,631 shares.The shares are subject to a hold period of 12 months from the date of issuance. The transaction has been approved by China Securities Regulatory Commission.