Yunnan Baiyao Properties Co., Ltd. announced that it will receive CNY 375,000,000 in a round of equity funding on November 25, 2017. The transaction will involve participation from existing investors Sichuan Blu-ray Hejun Industry Co., Ltd. for gross proceeds of CNY 275,000,000 and Sichuan Languang Development Co., Ltd. for gross proceeds of CNY 100,000,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 150,000,000 to CNY 525,000,000 and investors will retain their stakes. The transaction does not need approvals from the directorate and shareholders of the company. The company reported total assets of CNY 3,909,100,700, net liabilities of CNY 1,820,815,200, net assets of CNY 2,088,285,500, operating revenue of CNY 1,493,189,000, and net profit of CNY 291,976,000 for the year ended December 31, 2016.