Taizhou Zhuxi Reservoir Development Co., Ltd. announced it will receive CNY 150 million in a round of funding on January 21, 2022. The transaction will include participation from shareholders of the company including Taizhou Water Group Co., Ltd. for CNY 37,500,000 for 25% stake after completion, Xianju State-Owned Assets Investment Group Co. Limited for 30,000,000 for 20% stake after completion, Wenling Water Supply Co., Ltd. for CNY 18,900,000 for 12.6% stake after completion, Taizhou Jiaojiang District Qiansuo Water Treatment Co., Ltd. for NCY 17,250,000 for 11.5% stake after completion, Taizhou Luqiao Public Assets Investment Management Group Co., Ltd. for CNY 15,150,000, Yuhuan Water Resources Development and Utilization Co., Ltd. for 13,200,000 for 8.8% stake after completion, Taizhou Recycle Economy Development Co Ltd. for CNY 7,500,000 for 5% stake after completion, Taizhou Development Investment Group Co., Ltd. for CNY 7,500,000 for 5% stake after completion and Zhejiang Yongning Financial Consulting Co., Ltd. for CNY 3,000,000 for 2% stake after completion on a pro rata basis to their existing shareholding.

The shareholders of the company approved the transaction. The transaction is expected to be completed by March 31, 2022.