Shanghai Gingkoo Industrial Co., Ltd. announced that it will receive CNY 100,000,000 in a round of funding on December 15, 2016. The transaction will include participation from new investor, Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961). On closing, the registered capital of the company will increase from CNY 20,000,000 to CNY 30,000,000. On closing, the investor will hold 33.33% stake in the company. The investor and the existing shareholders of the company entered into an agreement for the transaction on the same date. The round is raised with a pre-money valuation of CNY 200,000,000. The transaction is not subject to approval from the directorate and shareholders of the investor. The company reported total assets of CNY 24,716,600, net assets of CNY 21,269,200, revenues of CNY 15,329,800, and net profit of CNY 2,045,700 for the year ended December 31, 2015.