Beijing Hengshengtong Pawn Co., Ltd. announced that it will receive CNY 99,000,000 in an equity round of funding on February 23, 2016. The transaction will include participation from existing investors, Hengxin Mobile Business Co., Ltd. and Beijing Boru Cultural Development Co., Ltd. for CNY 50,490,000 and CNY 48,510,000 respectively. On closing, the registered capital of the company will increase from CNY 51,000,000 to CNY 150,000,000.

The transaction was approved at the 18th session of 5th directorate of Hengxin Mobile Business Co., Ltd. The company reported total assets of CNY 51,849,800, total liabilities of CNY 363,300, total owners' equity of CNY 51,486,500, revenues of CNY 3,198,600, operating profit of CNY 132,300, and net profit of CNY 989,000 for the year ended December 31, 2015.