Pingdingshan Shenma Cord Fabric Development Co. Ltd. announced that it has received CNY 367 million in a round of funding on December 9, 2022. The transaction will include participation from returning investor Shenma Industry Co.Ltd. The transaction has been approved in the 10th session of the company?s 11th directorate of the company.

The registered capital of the company is CNY 1,339,000,000.