Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announced a private placement of A shares for the gross proceeds of no more than CNY 300 million on June 8, 2021. The ordinary shares to be issued at par value of CNY 1 per share. The transaction will include participation from not more than 35 investors. The pricing base date for the issuance of stocks is the first day of the issuance period, and the issuance price shall not be less than 80% of the average stock trading price of the 20 trading days before the pricing base date. The shares to be issued to specific targets shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved at sixth (temporary) meeting of the third board of directors and subject to approval from company's general meeting of shareholders.