China Fortune Industry New City Investment Co., Ltd. announced an equity round of funding on November 6, 2019. The transaction will include participation from returning investor China Fortune Land Development Co., Ltd. (SHSE:600340). Post-closing of the transaction, the investor will retain its 100% stake in the company. The transaction was approved 79th meeting of the 6th directorate of the company. The transaction is subject to approval from shareholders in its 13th temporary general meeting of shareholders of 2019 to be held on November 22, 2019.