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Raffles Education ( (SG:NR7) ) has shared an announcement.
Raffles Education Limited has received in-principle approval from the Singapore Exchange for the listing and quotation of up to 241.1 million new ordinary shares to be issued upon the proposed conversion of outstanding amounts owed into equity, a step that could strengthen its balance sheet if completed. The approval is conditional on the company meeting ongoing listing requirements and securing shareholder consent at an upcoming extraordinary general meeting, after which a detailed circular will be sent to investors; the company has cautioned that there is still no certainty the proposed transactions, including the special interim dividend, will proceed to completion, urging shareholders and potential investors to act prudently.
The most recent analyst rating on (SG:NR7) stock is a Buy with a S$0.34 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 education group, operating through various subsidiaries to provide education-related services and programmes, primarily in higher education and related training across its markets.
Average Trading Volume: 12,152,057
Technical Sentiment Signal: Buy
Current Market Cap: S$201.3M
See more data about NR7 stock on TipRanks’ Stock Analysis page.