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Raffles Education ( (SG:NR7) ) just unveiled an announcement.
Raffles Education Limited has announced the signing of a sale and purchase agreement for the disposal of its entire equity interest in Hefei Yuren Education Management Co., Ltd. The transaction, valued at approximately S$76 million, involves the transfer of liabilities and a cash payment, resulting in a net cash inflow of approximately S$11 million for the company. This strategic move may impact Raffles Education’s operations by divesting its interest in the sole promoter of Wanbo Science and Technology Vocational College, potentially affecting its market positioning and stakeholder interests.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on Raffles Education stock, see the SG:NR7 Stock Forecast page.
More about Raffles Education
Raffles Education Limited is a company incorporated in Singapore, operating in the education industry. It is involved in providing educational services and consultancy, with a focus on vocational and higher education institutions.
Average Trading Volume: 5,704,847
Technical Sentiment Signal: Buy
Current Market Cap: S$153.6M
See more insights into NR7 stock on TipRanks’ Stock Analysis page.