Raffles Edu announced the sale of a Chinese private college for 75.9 million yuan, with the stock price rising by 14.7% at one point during early trading | Lianhe Zaobao
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Raffles Edu announced that it will hold a special shareholders' meeting on February 3rd to seek shareholder approval for the sale of Hefei Yuren Education Management Co., Ltd. and the real estate project on Majiang Road in Singapore for RMB 426.4 million (SGD 75.9 million). This move is seen as the best strategy for the company to strengthen its long-term financial position, as the transaction will reduce internal liabilities by RMB 314.4 million, significantly lowering the debt ratio
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