Luoyang CITIC Heavy Industries Construction and Installation Engineering Co., Ltd. announced that it will raise CNY 38 million in an equity round of funding on December 5, 2023. The transaction included participation from returning investor, CITIC Heavy Industries Co., Ltd.. The company?s registered capital till increase from CNY 50 million to CNY 88 million.

The transaction has been approved by CITIC Heavy Industries Co., Ltd.?s Directorate and Shareholders meeting.