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Raffles Education Converts Bonds to Shares, Boosting Capital

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Raffles Education Converts Bonds to Shares, Boosting Capital

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Raffles Education ( (SG:NR7) ) just unveiled an announcement.

Raffles Education Limited has announced the conversion and cancellation of a portion of its convertible bonds, resulting in the issuance of 23,004,055 new shares. This move increases the company’s share capital and decreases its outstanding convertible bonds, potentially strengthening its financial position and market presence.

More about Raffles Education

Raffles Education Limited is a Singapore-incorporated company operating in the education sector. It provides educational services and operates a network of institutions offering a range of educational programs.

Average Trading Volume: 5,611,436

Technical Sentiment Signal: Buy

Current Market Cap: S$160.5M

See more data about NR7 stock on TipRanks’ Stock Analysis page.

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