Huzhou Nanxun Yufeng Real Estate Development Co., Ltd. announced that it will receive CNY 398,000,000 in an equity round of funding on December 20, 2019. The transaction will include participation from existing investor China Fortune Land Development Co., Ltd. (SHSE:600340). Post completion of the transaction, the registered capital of the company will increase to CNY 800,000,000. The transaction has been approved by the shareholders at its 14th Extraordinary General Meeting of Shareholders of 2019.