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Raffles Education ( (SG:NR7) ) has provided an update.
Raffles Education has converted a further S$10,000 of its outstanding convertible bonds into equity, issuing 153,846 new ordinary shares at S$0.065 per share. The move marginally increases its issued share capital to 1,817,429,613 shares, with the new shares ranking pari passu with existing stock.
Following this conversion, the principal amount of the company’s outstanding convertible bonds has been reduced to S$38,501,283. The newly issued conversion shares are set to begin trading on the SGX Mainboard on 30 April 2026, slightly lowering the group’s debt load while incrementally diluting existing shareholders.
The most recent analyst rating on (SG:NR7) stock is a Buy with a S$0.34 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-based private education provider operating through a group structure. The company offers tertiary education and related services and is listed on the Mainboard of the Singapore Exchange, targeting students in regional and international markets.
YTD Price Performance: -5.19%
Average Trading Volume: 9,486,395
Technical Sentiment Signal: Buy
Current Market Cap: S$220.8M
See more insights into NR7 stock on TipRanks’ Stock Analysis page.