Understanding the Market | SCHOLAR EDU rises over 4% after announcing a 13% discount in its placement, netting HKD 241 million
SCHOLAR EDU rose over 4% again, with the stock surging over 26% yesterday. As of the time of writing, it is up 4.69%, priced at HKD 3.35, with a trading volume of HKD 39.1475 million. In terms of news, on the evening of October 15th, SCHOLAR EDU announced that it would issue a total of 110 million new shares to more than six independent third parties, equivalent to an expanded share capital of 16.3%; the price per share is HKD 2.2, a discount of 13.04% compared to the closing price on October 15th. The total subscription amount is HKD 242 million, with a net amount of HKD 241 million, intended to enhance the group's teaching quality and student learning experience; future potential artificial intelligence projects; and to supplement working capital
According to Zhitong Finance APP, SCHOLAR EDU (01769) has risen over 4% again, after a surge of over 26% yesterday. As of the time of writing, it has increased by 4.69%, trading at HKD 3.35, with a transaction volume of HKD 39.1475 million.
In terms of news, on the evening of October 15, SCHOLAR EDU announced that it would issue a total of 110 million new shares to more than six independent third parties, equivalent to an increase of 16.3% in the enlarged share capital; the price per share is HKD 2.2, representing a discount of 13.04% compared to the closing price on October 15. The total subscription amount is HKD 242 million, with a net amount of HKD 241 million, intended to enhance the group's teaching quality and student learning experience; future potential artificial intelligence projects; and to supplement working capital
