on Jul.17, Huangshanghuang has received RMB36M of investment from Fortune Venture Capital. With the deal, Fortune Venture Capital has obtained an 8% equity in the food chain after the capital increase.

 

Huangshanghuang has now taken more than 80% of the market share in Nanchang City, the capital city of east China's Jiangxi Province. After receiving the investment of Fortune Venture Capital, Huangshanghuang will regulate its corporate governance structure. "Huangshanghuang has introduced the securities firm, the accounting firm and the law firm, and entered the listing period," discloses Chu Jiangeng, President of Huangshanghuang. "We will strive to submit a listing application to China Securities Regulatory Commission next year, and hope to get listed on the SME market," he adds.