Zhaotong Chihong Mining Industry Co., Ltd. announced that it will receive CNY 1,070,000,000 in an equity round of funding on December 12, 2016. The transaction will include participation from new investors, Yunnan Aluminium Co., Ltd. (SZSE:000807) and Zhaotong City Construction Investment Development Co., Ltd. for CNY 770,000,000 and CNY 300,000,000 respectively. Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) will give up its capital increase rights in the company. On closing, the registered capital of the company will increase from CNY 250,000,000 to CNY 1,200,000,000. On closing, the investors will hold 64% and 25% stake in the company. The investors in total will acquire 89% stake in the company. The transaction was approved at the 14th extraordinary session of the 6th directorate of Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497). The company reported total assets of CNY 321,085,800, total liabilities of CNY 160,552,700, total shareholders’ equity of CNY 160,533,100, revenues of CNY 1,951,000, operating profit of -CNY 67,542,800, and net profit of -CNY 67,542,000 for the year ended December 31, 2015.