Zhejiang Property Financial Leasing Co. Ltd. announced that it will receive CNY 1,000,000,000 in an equity round of funding on August 26, 2017. The company will issue 1,000,000,000 shares at CNY 1 per share. The round will be subscribed by existing investor Wuchan Zhongda Group Co.,Ltd. (SHSE:600704) which will retain its 100% stake after the closing of the deal. Pursuant to the transaction the registered capital of the company will increase to CNY 2,416,682,720. The transaction was approved at the 12th session of the 8th Board of Directors’ meeting of the investor.