Qingdao Shida Shenghua Investment Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding on February 12, 2018. The transaction will include participation from existing investor, Shandong Shida Shenghua Chemical Group Company Limited. On closing, the investor will retain its 100% stake in the company. On closing, the capital of the company will increase to CNY 300,000,000. The transaction was approved at the 28th session of the 5th directorate meeting of the investor.