Kangtai Plastic Technology Group Co., Ltd. announced that it will raise CNY 48,340,040 in a equity round of funding on June 4, 2021. The transaction included participation from new investor Tederic Machinery Co., Ltd. for 2.30% in the company. The transaction was approved by the board of directors in its 32nd meeting of the third board of directors and the 22nd meeting of the third board of supervisors.

The transaction is not subjected to approval of shareholders. The company signed agreement with the investor. The company will take CNY 6,905,720 to registered capital and CNY 41,434,320 to capital reserve.