Shanghai Ranka Trading Co., Ltd. announced that it will receive CNY 20 million in an equity round of funding on January 31, 2016. The transaction will include participation from new investor, Xiamen Kingdomway Group Company. The investor entered into a capital increase agreement with the existing shareholders of the company.

On closing, the investor will hold 20% stake in the company. The transaction is not subject to approval from the directors and the shareholders of the investor. Post the closing; the registered capital of the company will be increased to CNY 15,625,000.