Tangshan Caofeidian Jidong Equipment Machinery Thermal Processing Co., Ltd. announced that it will receive CNY 150 million in round of funding on February 21, 2024. The transaction include the participation from returning investors TangshanJidong Equipment and Engineering Co.,Ltd., for CNY 22.5 million and hold 15% stake in the company and Jidong Development Group Co., Ltd. for CNY 127.5 million and hold 85% stake in the company. The transaction has been approved by the first meeting of the Strategy Committee of the seventh board of directors in 2024.