Jiangsu Nongken Agricultural Service Co., Ltd. announced that it will receive CNY 290,000,000 in an equity round of funding on August 11, 2020. The transaction included participation from returning investor Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHSE:601952). On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase up to CNY 300,000,000. The transaction has been approved by board of director of Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHSE:601952) in its 17th meeting of the third directorate. The transactions do not need approval from the shareholders’ meeting.