Shanghai Caohejing Development Zone Puxing Construction Development Co., Ltd. announced that it signed capital increase agreement to receive CNY 650,000,000 on January 23, 2017. The transaction will include participation from Shanghai Lingang Holdings Co.,Ltd (SHSE:900928) to maintain its 100% stake in the company after the transaction. The registered capital of the company will increase from CNY 820,000,000 to CNY 1,470,000,000. The transaction was approved at the 16th session of the 9th directorate of the investor. The company reported total assets of CNY 2,900,785,200, net assets of CNY 1,155,852,200, operating revenue of CNY 530,756,000, and net profit of CNY 105,776,200 for the year ended December 31, 2016.