Suzhou DEMAC Electric Co., Ltd. announced that it will receive CNY 70 million in a round of funding on April 20, 2019. The transaction will include participation from returning investor Shandong Weida Machinery Co., Ltd. (SZSE:002026). The entire investment will go into registered capital. Post the closing of the transaction, the registered capital of the company will increase from CNY 100 million to CNY 170 million. The transaction has been approved by the shareholder's in the 2nd meeting of the 4th directorate and does not require any approval from the shareholder's meeting of the investor.