Chongqing Luohuang Port Co., Ltd. announced that it will receive CNY 200,000,000 its equity round of funding from Chongqing Gangjiu Co., Ltd (SHSE:600279) on December 11, 2020. The company will receive CNY 10,000,000 in first quarter of 2021 and remaining CNY 100,000,000 in fourth quarter of 2021. The registered capital of the company will increase from CNY 602,167,800 to CNY 802,167,800. On closing, the investor will retain its 100% stake in the company. The transaction has been approved in the 29th meeting of 7th directorate on the company’s parent and does not need the shareholders’ approval.