Lhasa Meihua Biological Investment Holding Co., Ltd. announced that it expects to receive CNY 100 million in funding from MeiHua Holdings Group Co.,Ltd
Lhasa Meihua Biological Investment Holding Co., Ltd. announced that it will receive CNY 100 million in equity funding from returning investor, MeiHua Holdings Group Co.,Ltd (SHSE:600873) on August 14, 2018. The transaction was approved at the 19th session of the 8th directorate meeting of the investor. Pursuant to the transaction, the investor will retain 100% stake in the company. After the transaction, registered capital in the company will increase from CNY 500 million to CNY 600 million.