O-WELL Mexico Coatings & Electronics S.A. de C.V. announced that it will receive MXN 17,600,000 in equity round of funding from existing investor O-Well Corporation (TSE:7670) on February 13, 2020. The stake of investor will increase from 99.9% to 99.96% upon closing. The capital of the company will increase from MXN 10,000,000 to MXN 27,600,000 upon closing. The expected payment date is February to March 2020. The transaction is approved by the board of directors of the investor.