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Raffles Education ( (SG:NR7) ) has issued an update.
Raffles Education Limited has issued 338,461 new ordinary shares following the conversion of S$22,000 worth of its outstanding convertible bonds at a conversion price of S$0.065 per share. This move slightly increases the company’s issued share capital to 1,530,727,865 shares while reducing the principal amount of its outstanding convertible bonds to S$39.396 million; the new shares, which rank equally with existing shares, are scheduled to begin trading on the SGX Mainboard on 22 January 2026, marginally diluting existing shareholders but modestly lowering the group’s debt obligations.
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, focusing on providing education services and related offerings across its markets. The company is listed on the Mainboard of the Singapore Exchange and funds its operations in part through equity and convertible bond issuances.
Average Trading Volume: 19,818,277
Technical Sentiment Signal: Buy
Current Market Cap: S$264M
See more insights into NR7 stock on TipRanks’ Stock Analysis page.