China Parenting Network Clarifies Pricing of HK$2 Million Share Subscription

The latest update is out from China Parenting Network Holdings Limited ( (HK:1736) ).

China Parenting Network Holdings Limited has clarified the terms of its previously announced share subscription, confirming that the subscription price for each of the 4,629,630 new shares will be HK$0.433, representing discounts of about 13.4% to the latest closing price and 19.8% to the five-day average closing price. The total proceeds of approximately HK$2 million will be paid in cash by the subscribers upon completion, and all other terms of the original subscription announcement remain unchanged, indicating a modest capital-raising move at a discounted valuation without further alterations to the transaction structure.

The most recent analyst rating on (HK:1736) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on China Parenting Network Holdings Limited stock, see the HK:1736 Stock Forecast page.

More about China Parenting Network Holdings Limited

China Parenting Network Holdings Limited is a Cayman Islands-incorporated company listed on the Stock Exchange of Hong Kong, engaged in the parenting-related sector and operating through a corporate structure overseen by a board comprising executive, non-executive and independent non-executive directors.

Average Trading Volume: 59,646

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$23.33M

For an in-depth examination of 1736 stock, go to TipRanks’ Overview page.