Tianjin Tianbao Chuangyuan Real Estate Development Co., Ltd. announced that it will raise CNY 1,501.7 million in an equity round of funding on March 6, 2023. The transaction will include participation of CNY 389.7 million from returning investor, Tianjin Tianbao Infrastructure Co., Ltd. with 55.73% stake post completion of the transaction and CNY 1,112 million from new investor, Tianjin T&B Holding CO.,LTD with 44.27% stake post completion of the transaction. The company's registered capital will increase from CNY 1,400,000,000 to CNY 2,512,000,000.