China Environmental Technology Holdings Limited (HK:0646) has released an update.
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China Environmental Technology Holdings Limited announced the conversion of convertible bonds totaling US$5.8 million into shares, significantly altering the company’s shareholding structure. Mr. Zhang and Classy Jade converted their bonds into 54.6 million and 35.88 million shares respectively, with these conversions resulting in approximately 15.93% and 10.47% ownership stakes post-conversion. This move has implications for the distribution of power within the company, with new share allocations impacting the percentage of shares held by existing and public shareholders.
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