Shanying Huazhong Paper Co., Ltd. announced that it will raise CNY 2,268,157,565.09 in the round of funding on December 6, 2018. The transaction will include participation from returning investor Anhui Shanying Paper Industry Co.,Ltd. (SHSE:600567), which will continue to hold 100% stake in the company post completion. The company will receive the funding in tranches, of which, the first tranche will be of CNY 469,346,019. The transaction was approved in the 16th meeting of the 7th directorate of the investor.