Revopac Packaging Technology (Shanghai) Co., Ltd. announced that it will receive CNY 20 million in a round of funding on August 18, 2023. The transaction will include participation from returning investor Shanghai Ailu Package Co., Ltd. for CNY 20 million to retain the majority stake in the company. The company will issue common shares in the transaction.

This has been approved in the 2nd session of the company?s 4th directorate and the 2nd session of the company?s 4th supervisory board. Post completion of the transaction the capital of the company will increase from CNY 20 million to CNY 40 million.