Tangshan Dengcheng Conveying Machinery Co., Ltd. announced that it will receive CNY 125,000,000 in an equity round of funding on August 17, 2022. The transaction will include participation from new investor Qinhuangdao Haolong Energy Co., Ltd for CNY 25,000,000 and returning investor Sichuan Zigong Conveying Machine Group Co., Ltd. for CNY 100,000,000. The transcation was approved by the board of directors of the company at its 9th meeting of the 4th directorate and the 7th meeting of the 4th board of supervisors.