China Xinxing Energy Transportation Co., Ltd. announced that it will receive an equity round of funding on December 13, 2019. The transaction will involve participation from new investors, SUNA Co.,Ltd (SZSE:002417) for not less than CNY 60,054,700 for 40% stake and Honline Holdings Co., Ltd. for 30% stake in the company. Post transaction, China Xinxing Transportation Logistics Co., Ltd. will will hold 30% stake in the company. The trasnaction has been approved by the 29th meeting of the 4th directorate of SUNA Co.,Ltd (SZSE:002417).