<div id="readability-page-1"><div><p>[SINGAPORE]  Raffles Education  led the pack of actives on the Singapore Exchange (SGX) on Monday (Dec 15).</p><p>The counter surged as much as 24.3 per cent, gaining S$0.026 to a peak of S$0.133 as at 2.44 pm. It later pared some gains to stand at S$0.13 as at 3.40 pm.</p><p>More than 43.6 million shares had exchanged hands as at that time, dwarfing the volumes of other actives like  Aoxin Q&amp;M ,  Marco Polo Marine  and  Singtel .</p><p>Last Thursday, Raffles Education completed the fourth tranche of a S$1 million bond issuance to Ng San Tiong, part of a wider capital-raising exercise first announced in June. The total bond issuance proposed was S$10 million, of which 40 per cent is now completed.</p><p>Earlier this month, it also sold its 51 Merchant Road property for $121.8 million - S$30.9 million below its market value - for a S$53 million gain. The buyer was a joint venture between Elevate Capital and LaSalle Investment Management.</p></div></div>

<p>Raffles Education led trading activity on SGX with 43.6 million shares, surging 24.3% to S$0.133 before settling at S$0.13. The rise follows a S$1 million bond issuance and a property sale for S$121.8 million, part of a capital-raising effort.</p>

Raffles Education leads most active pack on SGX with 43 million shares traded; price jumps 24%