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Raffles Education ( (SG:NR7) ) has provided an announcement.
Raffles Education Limited has announced the sale of 10 million treasury shares to raise approximately S$1.33 million for general working capital purposes. This transaction reduces the company’s treasury shares from 57,185,300 to 47,185,300, slightly impacting the percentage of treasury shares against the total issued shares. The move is aimed at strengthening the company’s financial position and operational flexibility.
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, incorporated in Singapore, operates in the education sector, providing educational services and products. The company is focused on delivering quality education and training across various disciplines, catering to a diverse student population.
Average Trading Volume: 8,108,672
Technical Sentiment Signal: Buy
Current Market Cap: S$153.7M
For an in-depth examination of NR7 stock, go to TipRanks’ Overview page.