COFCO Property (Tianjin) Co., Ltd. announced that it will receive CNY 1,950,000,000 in an equity round of funding on August 28, 2023. The transaction will include participation from returning investor, Grandjoy Holdings Group Co., Ltd. After this capital increase, the registered capital of the company increased from CNY 100,000,000 to CNY 2,050,000,000. The investor has hold a 100% stake in the company.

The capital increase of the company has been reviewed and approved at the 2nd meeting of the 11th directorate of the investor and need to be submitted to the company's shareholders' meeting for approval.