Jilin Chuying Agro-Pastoral announced that it will receive CNY 600,000,000 in a round of equity funding on August 10, 2016. The round will include participation from existing investor Chuying Agro-pastoral Group Co., Ltd (SZSE:002477). Post the closing, the investor will continue to retain its stake of 100% in the company. Post the closing, the registered capital of the company will be increased from CNY 400,000,000 to CNY 1,000,000,000. The transaction has been approved at the 7th session of the 3rd directorate of the investor and is subject to its shareholders' approval. The company reported total assets of CNY 2,917,990,800, net assets of CNY 457,189,400, operating revenue of CNY 464,863,200, and net profit of CNY 14,153,500 for the year ended December 31, 2015.