Fujian SKSHU Building Materials Co. announced that it will raise CNY 300 million in an equity round of funding on December 21, 2020. The transaction included participation from returning investor SKSHU Paint Co.,Ltd. (SHSE:603737) and will retain its 100% stake in the company. Post the closing, the registered capital will increase from CNY 60 million to CNY 360 million. The transaction has been approved by the board of directors of the company in its fourteenth meeting of the fifth board of directors.