Shenzhen Rongxing Industry Development Co., Ltd. announced that it will receive CNY 9,940,000 in an equity round of funding on August 24, 2017. The transaction will include participation from returning investor, Guangzhou Haige Communications Group Incorporated Company (SZSE:002465). Out of the total capital increase CNY 988,100 will go to registered capital, and CNY 8,951,900 will go the capital reserve of the company. Post the closing, the registered capital of the company will increase from CNY 29,509,200 to CNY 30,497,300. The transaction was approved at the 20th meeting of the investor's 4th directorate and is not subject to shareholder's approval. The company reported total assets of CNY 303,172,800, total liabilities of CNY 124,086,100, net assets of CNY 179,086,700, revenue of CNY 185,913,500, and net profit of CNY 14,574,100 for the year ended December 31, 2016.