News summary

China Parenting Network (01736) signed an agreement with a placing agent to place up to 5,761 on a best effort basisvideopokerdoubleupstrategy.04 million shares, with a discount of 11.75% to the market price, and a net raise of approximately HK$2.8 million is expected.

Newsletter text

[China Parenting Network (01736) signed a placing agreement with a placing agent, raising approximately HK$2.8 million]China Parenting Network (01736) announced on April 26, 2024

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An announcement was made. The company signed a placing agreement with the placing agent. According to the terms of the agreement, the company entrusted the placing agent as its agent in an effort to promote the purchase of up to 57.6104 million placing shares by the placees. The transaction was based on the Stock Exchange's closing price of HK$0.057 per share, and the placing price was a net price of HK$0.0486, a discount of approximately 11.75% to the market price.

{html}The net proceeds from this placing are expected to be approximately HK$2.8 million, aiming to provide financial support for the company's development.{html}