Changchun Gaoxin Real Estate Development Co., Ltd. announced that it will receive CNY 242,300,000 in an equity round of funding on August 20, 2018. The transaction will include participation from existing investor Changchun High & New Technology Industry (Group) Inc. (SZSE:000661). The investor will continue to hold 100% stake in the company. Post the transaction, the registered capital will increase from CNY 57,700,000 to CNY 300,000,000. The transaction was approved by the company's 2nd session of the 9th directorate and the company's shareholders approval is not required. The company reported total assets of CNY 2,325,563,996.23, total liabilities of CNY 1,937,795,272.25, net asets of CNY 387,768,723.98, revenue of CNY 579,977,615.38, and net profit of CNY 91,629,805.29 for the year ended December 31, 2017.