Heilongjiang Denghai Seeds Co., Ltd announced that it will receive CNY 7 million in equity funding on March 7, 2017. The transaction will include participation from existing investor ShanDongDenghai Seeds Co.,LTD (SZSE:002041). Pursuant to the transaction, the investor shall continue to hold 100% stake in the company. The company’s registered capital will increase from CNY 5 million to CNY 12 million. The transaction has been approved in the 8th extraordinary meeting of the investor’s 6th directorate and does not need its shareholders’ approval.