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An update from Raffles Education ( (SG:NR7) ) is now available.
Raffles Education has disclosed that the S$1.63 million in net proceeds from the sale of 16 million treasury shares have been fully deployed for general working capital needs. The funds were used to cover personnel expenses, professional fees, interest expenses, other payables, and other operating costs, with the company noting that this utilisation aligns with its previously stated intentions for the capital raised.
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 services provider, operating in the private education sector and offering vocational, tertiary, and related educational programmes across various markets. The company focuses on delivering professional and design-oriented courses, targeting students seeking industry-relevant qualifications in the region.
Average Trading Volume: 21,113,390
Technical Sentiment Signal: Buy
Current Market Cap: S$242.3M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.