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Raffles Education’s Subsidiary Halts Building Sale Due to Unmet Terms

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Raffles Education’s Subsidiary Halts Building Sale Due to Unmet Terms

Elevate Your Investing Strategy:

The latest announcement is out from Raffles Education ( (SG:NR7) ).

Raffles Education Limited announced that its subsidiary, Oriental University City Holdings (H.K.) Limited, will not proceed with the sale of a Lifestyle Commercial Building due to the failure to reach agreed terms with the Purchaser by the stipulated deadline. This decision may impact the company’s strategic operations and stakeholders are advised to exercise caution when dealing in the company’s shares.

More about Raffles Education

Raffles Education Limited is a company incorporated in the Republic of Singapore, focusing on education services. It operates through subsidiaries, including Oriental University City Holdings (H.K.) Limited, which is listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong.

YTD Price Performance: 19.44%

Average Trading Volume: 123,923

Technical Sentiment Signal: Sell

Current Market Cap: S$59.51M

See more data about NR7 stock on TipRanks’ Stock Analysis page.

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