Beijing North Microelectronics announced that it has received CNY 157,885,000 in an equity round of funding from returning investor Beijing Sevenstar Electronics Co., Ltd. (SZSE:002371) on September 14, 2016.Upon closing of the transaction, the registered capital of the company will increase from CNY 86,962,600 to CNY 244,847,600. The company completed the capital increase procedures and obtained the business license issued by the Administration for Industry and Commerce of Beijing.