Changsha Biming Real Estate Development Co., Ltd. announced that it will receive CNY 20 million of equity funding from Bright Real Estate Group Co., Limited (SHSE:600708) on January 26, 2018. The transaction included investor’s agreement with SDIC Trust Co., Ltd., Hunan Country Garden Real Estate Co., Ltd., Shunde District of Foshan City, Shared Investment Co., Ltd., and Changsha Tenghui Enterprise Management Consulting Ltd. The transaction was approved by the shareholders at the 97th session of its 8th directorate. After the transaction, Bright Real Estate Group Co., Limited (SHSE:600708) will hold 50% stake in the company.