Aksu Xinfa Cotton Industry Co., Ltd announced that it will receive CNY 80 million in funding from new investor Henan Xinye Textile Co., Ltd. (SZSE:002087) on January 31, 2019. After increase, registered capital in the company will increase from CNY 20 million to CNY 100 million. Investor will acquire 80% stake in the company. The transaction has been approved by the 28th meeting of the 8th directorate of the investor. There is no need for approval from the shareholders’ meeting. The company reported total assets of CNY 142.776692 million, total liabilities of CNY 157.065747 million, net assets of CNY -14.289054 million, operational income of CNY 81.905305 million, and net profit of CNY -5.347120 million for the year ended 30 September, 2018.