Qingdao Hengshun Zhongsheng Group South Africa (PTY) Ltd announced that it will receive $1 million in an equity round of funding from returning investor Qingdao Zhongzi Zhongcheng Group Co.,Ltd. (SZSE:300208) on December 30, 2019. Post transaction, the investor will continue to hold 100% stake in the company. The transaction has been approved in the 23rd meeting of the third board of directors of the investor.