Hibino Asia Pacific (Shanghai) Limited announced that it will receive $2 million in equity funding from existing investor Hibino Corporation (JASDAQ:2469) on November 4, 2016. The company’s registered capital will be increased from $2 million to $4.7 million. Investor shall acquire 42.553191% stake in the company through this transaction. Pursuant to the transaction, the investor shall hold 96.8% stake in the company up from previous 94.4% stake. The transaction is expected to be completed by January 2017. The transaction has been approved by board of directors of the investor.