Huaian Xiangda Camel Feed Co., Ltd announced that it will receive CNY 8 million in an equity round of funding on January 22, 2024. The transaction will include participation from returning investor Tangrenshen Group Co., Ltd which will retain its 100% stake in the company. The transaction has been approved in 22nd meeting of the 9th board of directors of the investor.

Post closing the transaction, the registered capital of the company will increase from CNY 80 million to CNY 88 million.