Qingdaoyafuyang Gardening Co., Ltd. announced that it will receive $250,000 (CNY 1,535,840) in an equity round of funding from new investor, Berg Earth Co., Ltd. on September 13, 2014. As part of the capital increase transaction, the investor will acquire 62.5% stake in the company and will become a subsidiary of the investor. The transaction was approved by the board of directors of the investor.

The transaction is expected to close in early November 2014. The company reported net assets of CNY 290,000, total assets of CNY 678,000, operating loss of CNY 220,000, and net loss of CNY 228,000 for the financial year ended December 31, 2013. The conversion was made through oanda.com as on September 13, 2014.