---
title: "Raffles Education Fully Utilises Treasury Share Sale Proceeds for Working Capital"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274013492.md"
description: "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."
datetime: "2026-01-28T15:42:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274013492.md)
  - [en](https://longbridge.com/en/news/274013492.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274013492.md)
generator: "portal-rs"
---

# Raffles Education Fully Utilises Treasury Share Sale Proceeds for Working Capital

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An update from Raffles Education ( (SG:NR7) ) is now available.

Raffles Education has disclosed that the S$1.63 million in net proceeds from the sale of 16 million treasury shares have been fully deployed for general working capital needs. The funds were used to cover personnel expenses, professional fees, interest expenses, other payables, and other operating costs, with the company noting that this utilisation aligns with its previously stated intentions for the capital raised.

The most recent analyst rating on (SG:NR7) stock is a Hold with a S$0.18 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**

Raffles Education Limited is a Singapore-incorporated education services provider, operating in the private education sector and offering vocational, tertiary, and related educational programmes across various markets. The company focuses on delivering professional and design-oriented courses, targeting students seeking industry-relevant qualifications in the region.

**Average Trading Volume:** 21,113,390

**Technical Sentiment Signal:** Buy

**Current Market Cap:** S$242.3M

Find detailed analytics on NR7 stock on TipRanks’ Stock Analysis page.

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- [NR7.SG](https://longbridge.com/en/quote/NR7.SG.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**