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GET (8100) injects 1.61% of China Parenting (8361) for 17.75% of Finsoft (8018) | Finsoft announcement
Company announcement, 27-Sep-2016
In our view, China Parenting is a bubble stock, trading on about 6.6x NAV. On 31-Jul-2015 GET acquired a 2.73% stake in return for issuing 14.91% of itself to China New Economy Fund (0080). Pass the parcel. Finsoft shareholders would have to be either mad or conflicted to approve this, which of course they probably will.
Organisations
- China Parenting Network Holdings Limited 中國育兒網絡控股有限公司
- Finsoft Financial Investment Holdings Limited
- GET Holdings Limited
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