Anhui Hejiakang Agricultural Products Processing and Development Co., Ltd. announced that it will receive CNY 10,000,000 in an equity round of funding from new investor Hefei Department Store Group Co., Ltd. on March 21, 2016. As a part of the transaction, the investor will acquire 50% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 20,000,000.

The transaction was approved at the 11th special session of the 7th directorate of the investor and does not require shareholder's approval. The company reported total assets of CNY 28,405,700, total liabilities of CNY 18,372,600, net assets of CNY 10,033,000, revenue of CNY 158,918,900, and net profit of CNY 62,000 for period ended December 31, 2015.