Shanghai Xinjuening International Logistics Co., Ltd. announced that it will receive CNY 20,000,000 in an equity round of funding on January 12, 2018. The transaction will include participation from existing investor, Jiangsu Xinning Modern Logistics Co., Ltd. (SZSE:300013). Post transaction, the investor will retain 100% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 30,000,000. The transaction was approved at the 7th session of the 4th directorate meeting of the investor and does not require the approval of its shareholders’ meeting. The company reported total assets of CNY 32,716,900, total liabilities of CNY 39,193,800, net assets of -CNY 6,476,900, revenue of CNY 67,538,900, total loss of CNY 1,202,600 and net loss of CNY 1,202,600 for the year ended December 31, 2017.