Zaozhuang Zhongke Environmental Energy Company Limited announced a private placement of common shares for gross proceeds of CNY 281,622,689 on December 12, 2018. The transaction will include participation from returning investors Beijing China Sciences General Energy & Environmental Co., Ltd, Anhui Shengyun Environment-Protection group Co., Ltd (SZSE:300090) and new investor World Prosperous Investments Limited subscribed for CNY 258,800,500. The registered capital of the company will increase from CNY 248,651,500 to CNY 507,452,000. The transaction has been approved by the board of directors of the investor.