Shandong Kaisheng New Materials Co., Ltd. announced that it will receive CNY 73,513,300 in an equity round of funding from existing investor, Huapont-Nutrichem Co., Ltd. on June 10, 2014. The transaction was approved by the directors at 6th session of the 5th directorate of the investor. As part of the transaction, the registered capital of the company will increase by CNY 50,000,000 and the capital reserve will increase by CNY 23,513,300.

On closing, the registered capital of the company will increase to CNY 100,000,000. The company reported total assets of CNY 249,741,979.62, net assets of CNY 188,838,762.77, revenues of CNY 249,573,047.22, and net profit of CNY 39,876,710.50 for the financial year ended December 31, 2013.