Huanggang Chenming Paper Pulp Co., Ltd. announced that it will receive CNY 1,000,000,000 on January 21, 2019. The transaction will include participation from existing investor Shandong Chenming Paper Holdings Limited (SZSE:200488). Post the closing, the investor's stake will increase from 92.59% to 95.74% in the company and the registered capital of the company will increase from CNY 1,350,000,000 to CNY 2,350,000,000. The transaction has been approved by the board of directors of the investor at 35th session of 8th directorate.