Shenghua Electronics (Huiyang) Co., Ltd. announced that it will receive CNY 13.4 million in an equity round of funding from existing investor, Victory Giant Technology (HuiZhou) Co., Ltd. (SZSE:300476) on January 6, 2016. The investor will obtain a 22.333333% stake in the increased registered capital of the company. The investor will continue to hold 100% stake in the company on closing of the transaction.

The transaction has been approved at the 13th meeting of the 2nd directorate and 9th meeting of the 2nd supervisory board of the investor and does not need its shareholders' approval. Upon completion, the registered capital of the company will increase from CNY 46.6 million to CNY 60 million.