C&S (Hubei) Paper Co., Ltd announced that it will raise CNY 147,600,000 in an equity round of funding on December 5, 2019. The transaction will involve participation from returning investor C&S Paper Co.,Ltd (SZSE:002511). Post the closing of the transaction, the stake of C&S Paper Co.,Ltd (SZSE:002511) will increase from 75% to 93.375% and stake of existing investor Lianyungang Zhongshun International Freight Forwarding Agency Co., Ltd. will decrease from 25% to 6.625%. Post the closing of the transaction, the registered capital of the company will increase from HKD 50,000,000 (CNY 44,991,000) to CNY 200,000,000. The transaction has been approved by the board of directors of the investor and is still subject to its shareholders' approval.