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Raffles Education Subsidiary to Dispose of Commercial Building in China

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Raffles Education Subsidiary to Dispose of Commercial Building in China

Elevate Your Investing Strategy:

Raffles Education ( (SG:NR7) ) just unveiled an update.

Raffles Education Limited announced that its subsidiary, Oriental University City Holdings (H.K.) Limited, plans to dispose of a lifestyle commercial building in Langfang Development Zone, Hebei, China for RMB18 million, pending shareholder approval. This strategic move may impact the company’s financial position and market strategy, highlighting a potential shift in asset management and resource allocation.

More about Raffles Education

Raffles Education Limited, incorporated in Singapore, operates in the education sector. It focuses on providing educational services and managing educational institutions across various regions.

YTD Price Performance: 19.44%

Average Trading Volume: 123,923

Technical Sentiment Signal: Sell

Current Market Cap: S$59.51M

For detailed information about NR7 stock, go to TipRanks’ Stock Analysis page.

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