Chongqing Jiangjin Luneng Lingxiu City Development Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding on December 18, 2020. The transaction will include participation from returning investor, Tianjin Guangyu Development Co., Ltd. (SZSE:000537) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 100,000,000 to CNY 300,000,000 post closing of the transaction. The transaction has been approved at the 60th meeting of the 9th directorate of the investor.