KDT MAC (Hong Kong) Limited announced that it will receive $22 million in an equity round of funding on April 27, 2020. The transaction will include participation from existing investor, Guangzhou KDT Machinery Co.,Ltd. (SZSE:002833) to retain its 100% stake in the company. The transaction has been approved by the board of directors of Guangzhou KDT Machinery Co.,Ltd. (SZSE:002833) at the 19th session of 3rd directorate. The registered capital of the company will increase from $20 million to $42 million post closing of the transaction.