Suzhou Kelida Building & Decoration Co., Ltd (SHSE:603828) announced a private placement of common share for gross proceeds of CNY 369 million on January 18, 2018. The transaction has been approved by the board of directors of the company at the 9th session of its 3rd directorate meeting, at the 6th meeting of the 3rd supervisory board, and is further subject to its shareholders approval. The transaction is also subject to approval from China Securities Regulatory Commission. The securities issued in the transaction are subject to a hold period of 12 months.