Sichuan Chenxi Construction Engineering Co., Ltd. announced that it will receive CNY 10 million in an equity round of funding on February 1, 2016. The transaction will include participation from new investor, Jiangsu Alcha Aluminium Co.,Ltd. and existing investor, Yang Jian for CNY 8 million and CNY 2 million respectively. Simultaneously, Jiangsu Alcha Aluminium Co.,Ltd. will acquire 80% stake in the company from the existing shareholders of the company.

On closing of both the transactions, the investors will hold 80% and 20% stakes in the company respectively. On closing, the registered capital of the company will increase to CNY 21 million.