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Raffles Education ( (SG:NR7) ) has shared an announcement.
Raffles Education Limited has announced the proposed sale of its property located at 51 Merchant Road, Singapore, for S$121.8 million. This transaction, deemed a major one under SGX-ST regulations, requires shareholder approval at an upcoming extraordinary general meeting. The property, a 4-storey commercial building with a 99-year lease, is being sold to an independent third-party purchaser, 51 Merchant Road Pte. Ltd., which has no prior affiliations with Raffles Education.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.12 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 company incorporated in Singapore, primarily engaged in the business of property investment through its subsidiary Raffles Assets (Singapore) Pte. Ltd.
YTD Price Performance: 205.56%
Average Trading Volume: 6,323,062
Technical Sentiment Signal: Buy
Current Market Cap: S$154.8M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.