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Raffles Education ( (SG:NR7) ) has issued an announcement.
Raffles Education Limited has redeemed and cancelled S$12.25 million in unlisted, non-convertible bonds, paying a total of S$12.40 million including accrued interest in cash to the bond subscribers. This repayment reduces the company’s bond liabilities, while a remaining S$11.75 million of such bonds held by Chairman Chew Hua Seng is earmarked for potential conversion into new shares, which could alter the firm’s capital structure and equity base once completed, and shareholders are urged to exercise caution and seek professional advice when trading the company’s shares.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.15 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 provider of education services, operating as a group through its various subsidiaries. The company focuses on delivering educational programmes and related services in its chosen markets, positioning itself within the broader private education sector.
Average Trading Volume: 20,861,029
Technical Sentiment Signal: Buy
Current Market Cap: S$226.3M
See more data about NR7 stock on TipRanks’ Stock Analysis page.