Shanghai Ustron Optical Glass Co., Ltd. announced that it will receive CNY 9,000,000 in an equity round of funding from new investor, Hubei Feilihua Quartz Glass Co.,Ltd on December 10, 2015. Upon completion, the registered capital of the company will increase from CNY 1,000,000 to CNY 10,000,000. The transaction will be completed after the acquisition of 100% stake in the company by the investor.

The investor would acquire 90% stake in the transaction. The company reported total assets of CNY 30,746,100, total liabilities of CNY 16,474,600, net assets of CNY 14,271,500, revenue of CNY 56,748,400, operating profit of CNY 6,047,800, total profit of CNY 6,240,800, and net profit of CNY 4,890,300 for the year ending December 31, 2014.