Hangzhou Steam Turbine Casting & Forging Co., Ltd announced that it has received CNY 8 million in an equity round of funding on January 26, 2018. The transaction will include participation from existing investor Hangzhou Steam Turbine Co., Ltd. (SZSE:200771) and other investor. Post the closing, the Hangzhou Steam Turbine Co., Ltd. (SZSE:200771) will hold 37.4 % stake in the company against 51% and the registered capital of the company will increase from CNY 22 million to CNY 30 million. The transaction was approved by board of directors at its 7th directorate’s 18th meeting.