Jiangsu Dahua Seed Enterprise Co., Ltd. announced that it will receive CNY 170,000,000 in an equity round of funding on January 22, 2018. The transaction will include participation from existing investor, Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHSE:601952). Post transaction, the investor will retain 100% stake in the company. The registered capital of Jiangsu Dahua Seed Enterprise Co., Ltd. will increase from CNY 330,000,000 to CNY 500,000,000. The transaction was approved at the 20th session of the 2nd directorate meeting of the investor and does not require the approval of its shareholders’ meeting.