CFHI Group Finance Company Limited announced that it will receive CNY 500,000,000 in an equity round of funding on August 22, 2023. The transaction will include participation from returning investors China First Heavy Industries for CNY 200,000,000 for 40% stake in the company, and China First Heavy Industries (Group) Co. Ltd. for CNY 300,000,000 for 60% stake in the company.

The transaction was approved by the 38th session of the company?s 4th directorate. The transaction is expected to close within 30 days after the industrial and commercial change.