Anhui Honghu Zhichuang Welding Material Technology Co., Ltd. announced that it will raise CNY 180 million in an equity round of funding on August 24, 2023. The transaction will include participation from new investor Anhui Honglu Steel Construction(Group) CO., LTD. The transaction has been approved by the 4th session of the company?s 6th directorate. After the capital increase, the target?s registered capital will increase to CNY 200 million, with the company owning 100% stake.