Guangdong Wens Dairy Co., Ltd. announced that it will receive CNY 690,000,000 in funding on July 20, 2018. The transaction involved participation from new investor Guangdong Yuncheng Investment Holding Co., Ltd. and existing investor Guangdong Wens Foodstuff Group Co., Ltd. (SZSE:300498). The company has signed a capital increase agreement with the investors. The company announced that Guangdong Yuncheng Investment Holding Co., Ltd. will participate for CNY 106,588,200 to subscribe to CNY 105,000,000 newly increased registered capital, while the remaining amount of CNY 1,588,200 will be added as capital reserve representing 15% stake in the company. Post the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 700,000,000. The transaction was approved in the Guangdong Wens Foodstuff Group Co., Ltd. (SZSE:300498)'s 2nd directorate’s 39th meeting. The company has reported total assets of CNY 135,305,700, total liabilities of CNY 150,102,200, net assets of CNY 14,796,400, revenue of CNY 120,712,900, total loss of CNY 20,078,200, and net loss of CNY 15,213,800 for the year ended December 31, 2017.