Goldensea Technology (Thailand) Co., Ltd. announced that it will receive $7.5 million in an equity round of funding on July 22, 2019. The transaction will include participation from existing investor Zhejiang Goldensea Environment Technology Co.,Ltd (SHSE:603311). Post-completion of the transaction, the investor will retain 100% stake in the company. The transaction has been approved in the 13th meeting of the 3rd directorate of the investor and does not require shareholder approval. The transaction is subject to approval from the domestic business bureau, the Development and Reform Bureau.