Shanghai Lanhai Southwest Orthopedic Hospital Co., Ltd. announced it will raise CNY 170 million in a round of funding on January 11, 2021. The transaction include participation from retuning investor Lanhai Medical Investment Co., Ltd. (SHSE:600896) for 100% stake. The transaction was reviewed and approved at tenth meeting of the company's tenth board of directors. The transaction does not need the approval of the share holders. After the transaction is completed, the company's registered capital of the will increase from CNY 300 million to CNY 470 million.