Shenzhen Expressway Company Limited (SEHK:548) announced a private placement of 300,000,000 H Shares on January 10, 2020. The transaction will include participation from returning investor Shenzhen International Holdings Limited (SEHK:152) and/or its designated subsidiary and other qualified non-connected investors for than 39% of the issuance. The transaction has been approved by the board of directors of the investor at the 23rd Meeting of its 8th Directorate and is subject to the approval of its shareholders and China Securities Regulatory Commission.