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An announcement from Raffles Education ( (SG:NR7) ) is now available.
Raffles Education Limited has announced a memorandum of understanding for the proposed disposal of its entire equity interest in Hefei Yuren Education Management Co., Ltd. This company is the sole promoter of Wanbo Science and Technology Vocational College in Anhui Province, China. The proposed sale, valued at RMB 320 million, is subject to due diligence and the execution of a definitive agreement. This strategic move could impact Raffles Education’s market positioning by divesting from its interests in China, potentially affecting stakeholders involved in the college’s operations.
More about Raffles Education
Raffles Education Limited is a company incorporated in Singapore, focusing on providing educational services. It operates through its subsidiaries, offering educational consultancy and management services, primarily in the Asia-Pacific region.
Average Trading Volume: 4,951,106
Technical Sentiment Signal: Buy
Current Market Cap: S$168.8M
See more insights into NR7 stock on TipRanks’ Stock Analysis page.