On December 22, 2020, Wuhan Sante Cableway Group Co., Ltd. (SZSE:002159) closed the transaction. The company has issued 38,634,659 shares at a price of CNY 9.40 per share for gross proceeds of CNY 363,165,794.60. Out of the total proceeds, CNY 38,634,659 will go towards registered capital and CNY 311,416,635.60 will go towards capital reserve. The company has incurred expenses of CNY 13,114,500 and received net proceeds of CNY 350,051,294.60 in the transaction.