Kingenta (Hongkong) Investment Company Limited announced that it will receive $70 million in an equity round of funding from existing investor, Kingenta Ecological Engineering Group Co., Ltd. (SZSE:002470) on January 18, 2016. The investor will continue to hold 100% stake in the company after this transaction. Upon completion, the investment of the investor in the company will increase to $80 million.

The transaction has been approved at the 19th meeting of the 3rd board of directors of the investor and does not need its shareholders' approval.