Anhui Hejiakang Agricultural Products Processing and Development Co., Ltd. announced that it will raise a CNY 60,000,000 in a round of funding on August 13, 2020. The company raised common shares in the transaction. The transaction included participation from returning investors Anhui Baida Joymart Chain Supermarket Co., Ltd for CNY 18 million for 30% stake,Hefei Department Store Group Co.,Ltd (SZSE:000417)for CNY 30 million for 50% stake, and Anhui Baida Joymart Chain Supermarket Co., Ltd.for CNY 12 million for 20% stake. The transaction has been approved at the nineteenth meeting of the eight board of directors and no need to get approval from its shareholders. Post closing, the registered capital of the company will increase to 80,000,000 from CNY 20,000,000.