Yangyuan Beverage introduced yesterday that its subsidiary, Quanhong Funding, has made a capital injection of 1.6 billion yuan ($222 million) into Yangtze Reminiscence Group. Following this funding, Quanhong Funding will maintain a 0.99% stake within the Yangtze Reminiscence Group, which is now valued at round RMB 161.61 billion ($22.4 billion). Following this capital improve, shareholders in Yangtze Reminiscence Group have expanded from 7 to 23. New traders embody Shanghai State-owned Property, Xiamen Juda No. 2 Funding, Agricultural Financial institution of China Monetary, Development Financial institution of China Monetary, Jiaxing Hengsheng Baiwang Ventures, Zhaoying Development No. 21 Non-public Fairness Fund, Dalian Yuntai No. 9 Excessive-Tech Fairness Fund, and others. [Jiwei, in Chinese]

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