Raffles Edu completes the placement of treasury shares, raising a net fund of 5.5 million yuan | Lianhe Zaobao
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Raffles Edu placed approximately 44.66 million treasury shares at HKD 0.127 per share, raising a net fund of HKD 5.5 million. Subscription institutions include Areca Capital, Azure Capital, and Malayan Banking Asset Management. The company's chairman, Zhou Huasheng, stated that the interest from well-known institutional investors demonstrates the company's growth potential in the Asian education sector, with a focus on developing the markets in Thailand, Malaysia, and Indonesia in the future. The stock price rose by 6.38%, closing at HKD 0.15, the highest since July 2021
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