Jiangsu Kingway Transportation Co., Ltd. announced that it will receive CNY 100,580,000 in its equity round of funding from new investor, Shenzhen Inovance Technology Co., Ltd. on June 5, 2015. The investor will acquire 17.6277% stake in the company through this transaction and will hold 50% stake in the company upon closing. The investor is also acquiring existing stake in the company through an ongoing acquisition transaction.

The company signed a capital increase agreement with the investor.