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An update from Raffles Education ( (SG:NR7) ) is now available.
Raffles Education Limited has announced the conversion and cancellation of its convertible bonds, resulting in the issuance of 17,476,922 new shares at a conversion price of S$0.065 per share. This move increases the company’s total share capital and reduces its outstanding convertible bonds, potentially strengthening its financial position and market presence as the new shares will be listed on the SGX-ST for trading.
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 within the education sector. It focuses on providing educational services and operates through its subsidiaries, targeting markets that require educational development and training.
Average Trading Volume: 7,111,419
Technical Sentiment Signal: Buy
Current Market Cap: S$150.4M
For an in-depth examination of NR7 stock, go to TipRanks’ Overview page.