Jilin Meihua Amino Acid Co., Ltd announced that it expects to receive CNY 500 million in funding from MeiHua Holdings Group Co.,Ltd
Jilin Meihua Amino Acid Co., Ltd announced that it will raise CNY 500 million of equity funding from returning investor MeiHua Holdings Group Co.,Ltd (SHSE:600873) on February 27, 2018. As a result of the transaction, the company’s share capital will increase from CNY 500 million to CNY 1 billion. The investor will continue to hold 100% stake in the company post the transaction. The transaction has been approved at the investor’s 12th meeting of the 8th directorate.