Shenzhen Shenguorong Financing Guarantee Co., Ltd. announced that it signed a capital increase agreement to receive CNY 150,000,000 in a round of equity funding on November 11, 2016. The transaction will include participation from new investor Guangdong Jadiete Holdings Group Company Limited (SZSE:200168) to acquire 30% stake in the company. The transaction has been approved at the 5th session of the 7th directorate of the investor and is not subject to its shareholders’ approval. The transaction requires the approval from the Shenzhen Economic and Trade and Information Committee.