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The latest announcement is out from Raffles Education ( (SG:NR7) ).
Raffles Education has disclosed that its Chinese subsidiary, Langfang Hezhong Education Consulting Co., Ltd., has received a government notice for the compulsory acquisition of a sizeable land parcel of about 499 mu in Gu’an County, Langfang City, Hebei Province, to support urban planning and development in the Langfang Economic and Technological Development Zone. Hezhong has indicated its willingness to cooperate with the authorities and will engage the Langfang Planning Bureau on the specific terms of the acquisition, but no details on compensation or conditions have been provided yet. With the land carrying a book value of approximately RMB 639.2 million (S$113.8 million) as of 30 June 2025, the group says it is currently unable to assess the financial and operational impact of the takeover and has urged shareholders and investors to exercise caution while it awaits further clarity from local authorities.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.18 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, offering education-related services and developments, including in the People’s Republic of China. The group’s activities include managing and developing educational assets and facilities in key regional markets.
Average Trading Volume: 21,291,833
Technical Sentiment Signal: Buy
Current Market Cap: S$242.3M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.