China Parenting Network Raises HK$2 Million via Discounted Share Subscription

China Parenting Network Holdings Limited ( (HK:1736) ) has issued an announcement.

China Parenting Network Holdings Limited has entered into subscription agreements with four professional investors to issue 4,629,630 new shares under its existing general mandate at HK$0.432 per share, representing about 10.71% of its current issued share capital. The placement, priced at a discount to recent market prices and not requiring separate shareholder approval, is expected to raise roughly HK$2 million in gross and net proceeds, which the company plans to use to repay part of its outstanding professional fees and expenses, contingent on regulatory approval for the listing and dealing of the new shares.

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 Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1736. The company has a diversified shareholder base that includes several professional investors with exposure to Asian and US markets, some of whom already hold meaningful stakes in the group.

Average Trading Volume: 59,646

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$23.33M

Find detailed analytics on 1736 stock on TipRanks’ Stock Analysis page.