Laibin Xingbin District Muyuan Agriculture and Animal Husbandry Co., Ltd. announced that it will receive CNY 20 million in an equity round of funding from existing investor, Muyuan Foods Co., Ltd. (SZSE:002714) to retain its 100% stake in the company on September 12, 2020. The registered capital of the company will increase from CNY 20 million to CNY 40 million post closing of the transaction. The transaction has been approved at the 29th meeting of the third board of directors of the investor.