Shenzhen Kingdom Technology Co.,Ltd. (SHSE:600446) announced a private placement of up to 65,036,790 A shares at a price of CNY 42.13 per share for gross proceeds of CNY 2,739,999,962.7 on January 22, 2016. The transaction will involve participation form seven companies. The transaction was approved at the 1st session of the 5th directorate meeting and at the 1st session of the 5th supervisory board meeting of the company.