Fujian Liansheng Paper Industry Co., Ltd. announced that it will receive CNY 1,000,000,000 in its equity round of funding from existing investor Anhui Shanying Paper Industry Co.,Ltd. (SHSE:600567) on April 26, 2018. Post the closing of the transaction, the registered capital of the company will increase from CNY 200,000,000 to CNY 1,200,000,000 and the investor will continue to hold 100% stake in the company. The transaction was approved by the investor in the 7th directorate of its 8th meeting and does not need approval from its shareholders. The company reported total assets of CNY 2,285,633,500, net assets of CNY 312,070,000, revenue of CNY 2,771,531,500, and net profit of CNY 134,783,800 for the year ended December 31, 2017.