Nanjing Hongbaoli Polyurethane Co., Ltd announced that it will receive CNY 80,000,000 in funding from existing investor Hongbaoli Group Corporation, Ltd. (SZSE:002165) on May 30, 2018. Investor will continue to hold 100% stake in the company after the transaction. The registered capital of the target company will increase from CNY 20,000,000 to CNY 100,000,000. This transaction doesn’t need to get the approval from the shareholder’s meeting and was approved at the 17th meeting of the 8th directorate of the investor. The company reported operating revenue of CNY 518,336,100 and net loss of CNY 668,600 for the year ended December 31, 2017.