Taicang Huaru Business Consulting Co., Ltd. announced a private placement that it will receive CNY 3,700,000,000 equity round of funding on November 2, 2023. The transaction include the participation from new investor Zhuhai Huafa Properties. In post completion, the registered capital is increase from CNY 20,000,000 to CNY 3,720,000,000.

The transaction has been approved at the annual shareholders' meeting in the company.