Meidi Elderly Care Service Co., Ltd. announced that it has received CNY 50 million in funding from China New Town Development Company Limited

China New Town Development Co Ltd is a company primarily engaged in property leasing and development. The Company operates its business through four segments. The Property Leasing segment is primarily engaged in the provision of property leasing services for investment properties. The Land Development segment is primarily engaged in the development of land infrastructure and construction of public facilities. The Urbanization Development segment is primarily engaged in the investment and development of businesses related to new township projects. The Other segment is primarily engaged in the provision of other services.