Beijing Huayou Cois Energy Management Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on December 21, 2017. The transaction will include participation from returning investor, China Oil HBP Science & Technology Co., Ltd (SZSE:002554) to maintain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 200,000,000 to CNY 250,000,000. The transaction has been approved at the 11th session of its 3rd directorate of the investor. The company reported total assets of CNY 231,617,241.68, total liabilities of CNY 8,891,656.59, net assets of CNY 222,725,585.09, revenue of CNY 177,771,057.29, and net profit of CNY 1,727,775.86 for the year ended December 31, 2016.