Shandong Lubei Chemical Co., Ltd. (SHSE:600727) announced that it will issue up to 70,197,321 common shares for gross proceeds of not more than CNY 549,000,000 on November 13, 2019. The transaction has been approved by 5th session of the 8th directorate of the company and State-owned Assets Supervision and Administration Commission of Binzhou. The transaction is still subject to approval of the shareholders, another directorate of the company, China Securities Regulatory Commission and State-owned Assets Supervision and Administration Commission of Binzhou.