Hubei Shenghong Construction Materials Co., Ltd. announced that it will raise CNY 140,000,000 in an equity round of funding on January 12, 2024. The transaction will include participation from returning investor Anhui Honglu Steel Construction(Group) CO., LTD. The transaction has been approved by the the 7th Meeting of the Company?s 6th Directorate. After the transaction, Hubei Shenghong Construction Materials Co., Ltd.'s registered capital will increase to CNY 220,000,000.