Nanjing Jiangning Muyuan Agriculture and Animal Husbandry Co., Ltd. announced that it will raise CNY 500,000,000 in an equity funding on October 27, 2023. The transaction will include participation from returning investor, Muyuan Foods Co., Ltd. The transaction has been approved at the 22nd session of the company?s 4th directorate. Upon the closing to the transaction, the company's registered capital will increase from CNY 1,510,000,000 to CNY 2,010,000,000.