Newsletter summary

China Parenting Network (01736)WptpokertourHK) signed a placing agreement with the agent, planning to place up to 57610390 shares, raising about HK $2.8 million, with the placing price 11.75% lower than the market price, accounting for about 16.7% of the enlarged share capital.

Text of news flash

[China Parenting Network raises HK $2.8 million] China Parenting Network (01736.HK) announced on April 26 that it had signed a placing agreement with the placing agent and planned to place a total of 57610390 shares, equivalent to the total number of shares issued by the company.Wptpokertour16.7% (assuming that there is no other change in the total number of issued shares during the period from the date of the announcement to the completion of the placing, except for the issue of the placing shares). Subject to the placing Agreement, the placing Price is approximately 11.75% off the company's closing price of HK $0.057 per share on the Stock Exchange. The net proceeds, that is, about HK $2.8 million (after deducting related costs and expenses), will be used by the company for general working capital. The completion of this placement will help China Parenting Network to strengthen its financial strength and provide support for the company's future development. The deal will attract more secondary market investors and may have a positive impact on its share price.