Tianjin Origin Water Environmental Technology Co., Ltd. announced that it has signed a capital increase agreement and will receive CNY 175 million in an equity round of funding on September 26, 2015. The transaction will include participation from Beijing Origin Water Technology Co., Ltd., Tianjin Dongwang Investment Development Co., Ltd., and Gan Yinghao. The transaction will be completed in two tranches.

The company will receive CNY 75 million in the first tranche immediately and CNY 100 million in the second tranche in March 2016. Beijing Origin Water Technology Co., Ltd., Tianjin Dongwang Investment Development Co., Ltd., and Gan Yinghao will invest CNY 51.875 million, CNY 22.5 million, and CNY 0.625 million respectively in the first tranche to hold 64.625%, 30%, and 3% stake respectively. Beijing Origin Water Technology Co., Ltd. will invest CNY 100 million in the second tranche and will hold 82.3125% stake in the company upon transaction completion.

Tianjin Dongwang Investment Development Co., Ltd. and Gan Yinghao will hold 15% and 1.5% stake in the company upon completion. After the completion, the registered capital of the company will increase from CNY 50 million to CNY 200 million.