According to the Zhitong Finance App, China Environmental Technology (00646) announced that on April 24, 2024, the company plans to issue 4 million shares and 25 million subscription shares to Wang Yushan and Qifei Holdings Limited respectively, with a subscription share of HK$0.500 per share, a premium of about 180.90% over the closing price of HK$0.1780 per share. The subscription raised a net amount of approximately HK$14.45 million, which is intended to be used as its general working capital.