Quanzhou Antong Logistics Co., Ltd. announced that it will receive CNY 643,647,291.29 in a round of equity funding from existing investor HeiLongJiang HeiHua Co.,Ltd. (SHSE:600179) on September 22, 2016. Out of the total proceeds to be received, CNY 467,525,773.00 will be added as registered capital and CNY 176,121,518.29 will be added as capital reserve of the company. Post the closing, the registered capital of the company will be increased from CNY 82,474,227 to CNY 550,000,000.00. Post the closing, the investor will continue to retain its stake of 100% in the company. The transaction has been approved at the 1st session of its 6th directorate for 2016 of the investor. The company reported total assets of CNY 2,410,836,943.93, total liabilities of CNY 1,703,351,605.77, net asset of CNY 707,485,338.16, revenue of CNY 3,063,469,216.99, total profit of CNY 275,138,110.39, and net profit of CNY 204,554,702.56 for the year ended December 31, 2015.