Create (Shanghai) Architectural Decoration Operation Co., Ltd. announced that it will receive CNY 60 million in a round of funding from existing investor Create Corporation (JASDAQ:3024) on May 18, 2015. The transaction has been approved by the board of directors of the investor. As part of the transaction, the investor will acquire 10.9% stake in the company and will hold 90.9% stake in the company and its total investment in the company will increase from CNY 40 million to CNY 100 million.

The transaction is expected to close in mid June 2015.