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Raffles Education ( (SG:NR7) ) has shared an update.
Raffles Education has completed the conversion of outstanding amounts owed to its chairman, Mr. Chew, into equity, issuing 241,100,605 new ordinary shares under previously agreed binding term sheets. This debt-to-equity conversion increases the company’s issued share capital from 1,539,506,798 to 1,780,607,403 shares, modestly diluting existing shareholders while strengthening the balance sheet and aligning a key stakeholder’s interests more closely with the company’s long-term performance.
The newly issued conversion shares will rank pari passu with existing shares in all respects except for entitlements to dividends or other distributions whose record dates fall on or before the allotment date, including a previously announced special dividend. The conversion shares are expected to commence trading on or around 13 March 2026 on the SGX Mainboard, potentially improving the company’s capital structure visibility and liquidity for investors.
The most recent analyst rating on (SG:NR7) stock is a Sell with a S$0.13 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-incorporated education group that operates through various subsidiaries in the broader education sector. Listed on the Mainboard of the SGX-ST, the company focuses on providing education-related services and programs, positioning itself as a regional player in the education industry.
Average Trading Volume: 21,254,369
Technical Sentiment Signal: Buy
Current Market Cap: S$183.9M
For a thorough assessment of NR7 stock, go to TipRanks’ Stock Analysis page.