On January 6, 2017, Shanghai Shyndec Pharmaceutical Co., Ltd. (SHSE:600420) closed the transaction. The company issued 3,441,156 shares at CNY 29.06 per share for gross proceeds of CNY 99,999,993.36. The company incurred issuance expenses of CNY 2,120,000 in the transaction. The transaction has been approved by the China Securities Regulatory Commission.