Baotou Alcha Beifang Aluminum Industry Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on December 14, 2018. The transaction will include participation from returning investor, Jiangsu Alcha Aluminium Co.,Ltd. (SZSE:002160) to maintain its 100% stake in the company. CNY 200 million will go to registered capital and CNY 100 million to capital reserve. Post transaction, the registered capital of the company will increase from CNY 500,000,000 to CNY 700,000,000. The transaction has been approved at the 26th meeting of the 5th directorate of the investor and is not subject to approval from its shareholders' meeting. The company reported total assets of CNY 1,380,032,370.75, net assets of CNY 441,804,402.36, revenue of CNY 1,877,841,758.68, and net profit of CNY 5,545,307.73 for the year ended December 31, 2017.