Hanbell Precision Machinery (Hong Kong) Co., Limited announced that it will receive CNY 51,000,000 in an equity round of funding on April 29, 2020. The transaction will involve participation from returning investor Shanghai Hanbell Precise Machinery Co., Ltd. (SZSE:002158). The investor will continue to hold 100% stake in the company. The transaction has been approved at the 15th meeting of the 5th directorate of the investor, and does not require its shareholders’ approval.