Fujian Huamin Leasing Company Limited announced that it has entered into a capital increase agreement for a private placement for gross proceeds of CNY 90,000,000 on January 6, 2017. The transaction will include participation from existing investors, Fujian Holdings Limited (SEHK:181) for CNY 27,200,000, and Fujian Huamin Industrial Group Company Limited for CNY 62,800,000. Post the completion of the transaction, Fujian Holdings Limited (SEHK:181) will hold a 40% stake, and Fujian Huamin Industrial Group Company Limited will hold a 60% stake in the company. The transaction is subject to approval of the board of directors of the company.