daisybingo| China Parenting Network plans to discount approximately 11.75% and place up to 57.6104 million shares with a net raise of approximately HK$2.8 million

China Parenting Network (01736) issued an announcementdaisybingoOn April 26, 2024 (after trading hours), the Company entered into a placing agreement with the placing agent, pursuant to which and subject to its terms and conditions, the Company agreed to appoint the placing agent, and the placing agent agreed to act as the placing agent as the Company's agent to procure the placees to purchase up to 5,761 on a best effort basis in accordance with the terms and conditions set out in the placing agreement.daisybingo.04 million placed shares. The placing price represented a discount of approximately 11.75% to the closing price of HK$0.057 per share of the Shares as quoted on the Stock Exchange on the date of the placing agreement.

The net proceeds from the placing will be approximately HK$2.8 million. Based on this calculation, the net price per placing share will be approximately HK$0.0486.