Xinjiang Western Animal Husbandry Co., Ltd (SZSE:300106) announced a private placement of not more than 63,399,693 shares at a price not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date, on June 1, 2020. The transaction will include participation from not more than 35 specific investors. The transaction has been approved in the 13th meeting of the third session of the company and is subject to approval of the China Securities Regulatory Commission. The shares to be issued are subject to a hold period of 6 months.