Jiangsu Huaxi Group Finance Co., Ltd. announced that it will receive CNY 500,000,000 in a round of equity funding on March 28, 2018. The transaction will include participation from existing investors, Jiangsu Huaxicun Co., Ltd. (SZSE:000936) and Jiangsu Huaxi Group Corporation, which will invest CNY 50,000,000 and CNY 450,000,000 respectively. The investors will retain 10% and 90% respectively on closing of the transaction. The transaction was approved at the 7th session for its 7th directorate meeting of Jiangsu Huaxicun Co., Ltd. (SZSE:000936). The transaction is not subject to approval from the shareholders of the company. On closing, the capital of the company will increase from CNY 500,000,000 to CNY 1,000,000,000. The company reported total assets of CNY 2,306,152,400, total liabilities CNY 1,550,264,100 operating revenue CNY 126,322,700, net profit CNY 85,476,700, total shareholders’ equity CNY 755,888,300, and total profit CNY 113,969,000 for the year ended December 31, 2017.