Chongqing Luohuang Port Co., Ltd. announced that it will raise CNY 300 million in a equity round of funding on March 1, 2024. The transaction will include participation from returning investor Chongqing Port Co.,Ltd., to retain its 100% stake in the company. The transaction has been approved by the board of directors of Chongqing Port Co.,Ltd. in the 26th meeting of the eighth board of directors.

Post completion of the transaction, the register capital will increase from CNY 802.1678 million to CNY 1,102.1678 million.