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Raffles Education ( (SG:NR7) ) has issued an update.
Raffles Education has announced the conversion of S$159,354 in principal amount of its Convertible Bonds into 2,451,597 new ordinary shares at a conversion price of S$0.065 per share, in line with the terms of its 30 August 2022 trust deed. Following this conversion, the company’s issued and paid-up share capital has increased from 1,534,676,741 to 1,537,128,338 shares, while the outstanding principal amount of its Convertible Bonds has been reduced from S$39,139,527 to S$38,980,173, with the new shares ranking pari passu with existing shares and set to begin trading on the SGX-ST on 5 February 2026, a move that marginally dilutes existing shareholders but lowers the group’s outstanding bond 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 (SGX-ST), giving it access to capital markets to support its operations and growth initiatives.
Average Trading Volume: 21,308,349
Technical Sentiment Signal: Buy
Current Market Cap: S$227M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.