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Raffles Education Sells Treasury Shares for Working Capital

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Raffles Education Sells Treasury Shares for Working Capital

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Raffles Education ( (SG:NR7) ) has provided an update.

Raffles Education Limited announced the sale of 16 million treasury shares for S$1,664,000 to a third-party purchaser through an off-market trade. The proceeds from this sale will be used for general working capital purposes, and the transaction does not involve any directors or substantial shareholders of the company.

More about Raffles Education

Raffles Education Limited is a company incorporated in Singapore, operating in the education sector. It is involved in providing educational services and has a market focus on expanding its reach and offerings in the education industry.

Average Trading Volume: 3,544,841

Technical Sentiment Signal: Buy

Current Market Cap: S$152.2M

See more insights into NR7 stock on TipRanks’ Stock Analysis page.

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