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Raffles Education ( (SG:NR7) ) has issued an update.
Raffles Education Limited has announced the issuance of unlisted, non-convertible bonds totaling up to S$10,000,000, entering into a subscription agreement with Ng San Tiong for a S$1,000,000 tranche. This move is part of a strategic financial maneuver to strengthen the company’s capital structure, with the subscriber confirming the investment is solely for personal benefit without intentions to influence company management.
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, operating in the education sector. The company, along with its subsidiaries, focuses on providing educational services and has a significant presence in the market.
Average Trading Volume: 7,111,419
Technical Sentiment Signal: Buy
Current Market Cap: S$150.4M
For a thorough assessment of NR7 stock, go to TipRanks’ Stock Analysis page.