Guangdong Zhongheng Petrochemical Energy Development Co., Ltd. announced that it would receive CNY 87,000,000 in an equity round of funding on January 28, 2022. The transaction will include participation from returning investor Guangzhou Hengyun Enterprises Holding Ltd. for CNY 43,500,000 for retaining its 50% stake and Sinopec Sales Co., Ltd. for CNY 43,500,000 for retaining its 50% stake. The registered capital of the company will increase from CNY 120,000,000 to CNY 207,000,000.

The transaction does not need the investors shareholders' approval.