Wuhan Minsheng New Technology Co., Ltd. announced that it will receive CNY 30 million in an equity round of funding on April 2, 2021. The transaction includes participation from new investor, Fujian Oriental Silver Star Investment Co., Ltd. (SHSE:600753). The investor will hold 2.91% stake in the company post closing of the transaction. The company raise funding on a pre-money valuation of CNY 1,000 million. The transaction has been approved at the 22nd meting of the 7th board of directors.