Jiangxi Orient Wires Co., Ltd. announced that it will receive CNY 80 million in an equity round of funding from an existing investor, Ningbo Orient Wires & Cables Co.,Ltd., on December 6, 2014. The investor currently holds 100% stake in the company. The transaction has been approved in the 9th session of the 3rd directorate of the investor.

The registered capital of the company will increase from CNY 20 million to CNY 100 million upon closing.