Hunan Heshun Logistics Co., Ltd announced that it will receive CNY 30 million in an equity round of funding from returning investor, Hunan Heshun Petroleum Co.,Ltd. (SHSE:603353) on April 15, 2020. The investor will retain its 100% stake in the company. The registered capital of the company will increase from CNY 15.48 million to CNY 45.48 million. The transaction has been approved at the 12th meeting of the 2nd directorate of the investor as well as by the 8th meeting of the 2nd reunion of supervisors. The transaction is subject to approval from the 2020 2nd extraordinary shareholders’ meeting of the investor.