Dalian Huarui Heavy Industry Casting Co., Ltd. announced that it will receive CNY 900,000,000 in an equity round of funding on February 8, 2024. The transaction will include participation from returning investor Dalian Huarui Heavy Industry Group Co., LTD. to retain the majority stake in the company. The registered capital of the company will increase from CNY 555,000,000 to CNY 1,145,000,000.

This has been approved in the Dalian Huarui Heavy Industry Group Co., LTD.'s 6th directorate during its 7th meeting. The shareholders? meeting approval is not required.