Leshan ELECT Electrified Wire Neting Automation Co., Ltd. announced that it will receive CNY 75,000,000 in funding from Qingdao TGOOD Electric Co., Ltd. on January 29, 2013. The company will issue equity securities in the transaction. The investor will hold 51.6% stake in the company upon closing.

The transaction has been approved in 5th Session of its 2nd Board of Directors meeting of the investor.