Shanxi Lantian Xinneng Chemical Co., Ltd. announced that it will receive CNY 480 million in an equity round of funding on October 25, 2019. The transaction will include participation from returning investors, Shanxi Lanhua Sci-Tech Venture Co., Ltd. (SHSE:600123) for CNY 288 million to retain its 60% stake in the company and Shanxi Tianze Coal Chemical Co., Ltd. for CNY 192 million to retain its 40% stake in the company. The transaction has been approved by the board of directors of Shanxi Lanhua Sci-Tech Venture Co., Ltd. (SHSE:600123) at 10th meeting of the 6th directorate. The registered capital of the company will increase from CNY 20 million to CNY 500 million post -closing of the transaction.