Xuyi Hengshan Chinese Doctors Hospital Co., Ltd. announced that it will receive CNY 77,000,000 in an equity round of funding from existing investor, Hengkang medical Group Co., LTD. on January 9, 2016. The investor will continue to hold 100% stake in the company upon completion. The registered capital of the company will increase from CNY 52,536,500 to CNY 202,536,500 upon completion including creditor's rights.

The transaction has been approved at the 3rd session of the 4th directorate of the investor and does not need its shareholders' approval. The company reported total assets of CNY 292,645,400 and net assets of –CNY 17,508,900 for the year ending December 31, 2015.