Qinzhou Xiangda Camel Feed Co., Ltd. announced that it will receive CNY 42 million in an equity round of funding on January 22, 2024. The transaction will include participation from returning investor, Tangrenshen Group Co., Ltd to maintain its 100% stake. The capital increase price is CNY 1 per registered capital.

The transaction has been approved at the 22nd meeting of the ninth board of directors of Tangrenshen Group Co., Ltd. The registered capital of the company will increase from CNY 10 million to CNY 52 million.