Shanghai Yada Plastic Products Co., Ltd. announced that it will receive CNY 100 million in equity round of funding on October 22, 2021. The transaction will include participation from existing investors Ling Yun Industrial Corporation Limited to retain its 50% stake and George Fischer Pty Ltd . to retain its 50% stake. Upon closing, the registered capital of the company will increase from CNY 100 million to CNY 200 million. The transaction has been approved in the twenty-third meeting of the company?s seventh board of the investors.