KDT MAC (Hong Kong) Limited announced that it will receive $50 million in an equity round of funding on October 29, 2021. The transaction will include participation from existing investor, Guangzhou KDT Machinery Co.,Ltd to retain its 100% stake in the company. The transaction has been approved by the board of directors of Guangzhou KDT Machinery Co.,Ltd at 7th Meeting of the Company?s 4th Directorate. The registered capital of the company will increase from $42 million to $92 million post-closing of the transaction.