BUZZ-Australia's <a href="https://laohu8.com/S/EVO.AU">Embark Early Education</a> hits 7-week low on discounted placement ** Shares of Australia's Embark Early Education EVO.AX fall as much as 3.9% to A$0.61, their lowest level since October 28
** Stock set for its weakest trading session in more than a month, if current trends hold
** The preschool education services provider to raise A$12 million ($7.98 million) through placement
** Offer price of 60 Australian cents per share represents a 5.5% discount to firm's last close
** Placement funds to be used to partly fund takeover bid for all ordinary shares it does not already own in Mayfield Childcare MFD.AX
** Stock down 19.6% YTD, including session's moves
($1 = 1.5042 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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