Xuzhou Hengshun Wantong Food Brewing Co., Ltd. announced that it will raise CNY 130,000,000 in a round of funding on June 14, 2023. The transaction will include participation from new investor, Jiangsu Hengshun Vinegar-Industry Co.,Ltd. The company will issue common shares in the transaction. The transaction has been approved by the 23rd session of the company?s 8th directorate.