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Raffles Education ( (SG:NR7) ) has shared an update.
Raffles Education has completed the disposal of its property at 51 Merchant Road in Singapore through its subsidiary, Raffles Assets (Singapore) Pte. Ltd. The asset was sold for S$121.8 million in cash, with the property delivered to the buyer free of encumbrances and no special interests disclosed by directors or controlling shareholders.
The completion of this sizeable asset sale marks a significant capital event for the group, potentially enhancing its financial flexibility and balance sheet. The board has urged shareholders to exercise caution when trading the company’s shares and to seek professional advice, underscoring ongoing uncertainty around how the disposal may affect the company’s future strategy and valuation.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.14 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 Singapore-based private education provider operating through a group of subsidiaries. The company typically focuses on owning and managing education-related assets and facilities that support its core education and training services in regional markets.
Average Trading Volume: 20,784,641
Technical Sentiment Signal: Buy
Current Market Cap: S$213.1M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.