Raffles Education Fully Utilises Treasury Share Sale Proceeds for Working Capital
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Raffles Education has fully utilized S$1.63 million from the sale of 16 million treasury shares for working capital. The funds covered personnel expenses, professional fees, interest expenses, and other operating costs, aligning with the company's stated intentions. The latest analyst rating for Raffles Education (SG:NR7) is a Hold with a price target of S$0.18. Raffles Education operates in the private education sector, offering vocational and tertiary programs across various markets, with a current market cap of S$242.3 million.
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