Ningbo Haidexin Automobile Electric Co., Ltd. announced that it will receive CNY 60,000,000 in an equity round of funding on August 25, 2017. The transaction will include participation from returning investor, Ningbo Henghe Mould Co., Ltd. (SZSE:300539) to maintain its 100% stake in the company. Post the closing of the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 80,000,000. The transaction was approved at the 14th session of the 2nd directorate of the investor. The company reported total assets of CNY 19,413,382, total liabilities of CNY 0, net loss of CNY 586,618 and net assets of CNY 19,413,382 for the year ended December 31, 2016.