Liaoning Denghai Seeds Co., Ltd. announced that it will receive CNY 7,000,000 in a round of equity funding on March 7, 2017. The round will include participation from existing investors ShanDongDenghai Seeds Co.,LTD (SZSE:002041), Li Xiaohua, and Xin Zhigang for CNY 4,690,000, CNY 1,820,000, and CNY 490,000 respectively, to maintain their stakes of 67%, 26%, and 7% respectively. Post the closing, the registered capital of the company will increase from CNY 5,000,000 to CNY 12,000,000. The transaction has been approved at the 8th extraordinary meeting of the 6th directorate of ShanDongDenghai Seeds Co.,LTD (SZSE:002041) and does not require its shareholders' approval.