Jikai Equipment Manufacturing Co., Ltd. (SZSE:002691) announced that it would receive CNY 600,000,000 in an equity round of funding on July 23, 2020. The transaction included participation from 35 specific investors. The transaction is subject to a lock-up period of six months from the date of issuance. The transaction has been reviewed and approved in the 18th meeting of the third directorate of the company. The transaction is subject to approval of board of directors of the company, shareholders and from the China Securities Regulatory Commission.