Rifa Jiehang Investment Co., Ltd. announced that it will raise CNY 755,000,000 in an equity round of funding on April 24, 2019. The transaction includes participation from returning investor Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520). The transaction has been approved by the board of directors of the investor in its 6th directorate's 26th meeting. Post the capital increase, the registered capital of the company will increase from CNY 1,580,000,000 to CNY 2,335,000,000 and the investor will continue to hold 100% stake in the company.