Lanxum (Hong Kong) Limited announced a private placement of common shares for gross proceeds of $4.4 million with returning investor Beijing Lanxum Technology Co., Ltd. (SZSE:300010) on January 23, 2017. The transaction was approved at the investor’s 46th session of the third directorate. On closing, the investor will retain its 100% stake in the company. As a result of the transaction, the registered capital of the company will increase from $0.1 million to $4.5 million.