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Raffles Education ( (SG:NR7) ) has shared an announcement.
RafflesEducation has completed the disposal of its property at 51 Merchant Road, generating net cash proceeds of approximately S$121.3 million to advance its balance sheet optimisation and deleveraging strategy. The company, which has over 36 years of experience in Asian education markets, is using the transaction to reinforce its financial resilience and support its regional expansion.
The proceeds will be used primarily to repay the majority of the Group’s bank loans, redeem S$12.25 million of non-convertible bonds, and reduce borrowing costs while improving gearing levels. Reflecting improved confidence in its financial position, RafflesEducation will issue a special dividend of 0.4 Singapore cents per share and reallocate capital to drive strategic growth initiatives across key ASEAN markets, particularly Malaysia, Thailand, and Indonesia.
The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.14 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
RafflesEducation is a Singapore-based premier education group with more than 36 years of track record in Asia, focusing on providing education services and expanding its presence across ASEAN markets, particularly in Malaysia, Thailand, and Indonesia. The Group operates with a strategic emphasis on balancing financial resilience with growth in regional education demand.
Average Trading Volume: 20,784,641
Technical Sentiment Signal: Buy
Current Market Cap: S$213.1M
Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.