Hainan Huahai Industrial Development Co., Ltd. announced that it will receive CNY 98,100,000 in equity round of funding from new investor China Hainan Rubber Industry Group Co., Ltd. (SHSE:601118) on January 18, 2019. The investor will hold 100% stake in the company. Post closing, the registered capital of company will increase from CNY 101,900,000 to CNY 200,000,000. The transaction has been approved by 5th directorate’s 19th meeting of the investor.