Raffles Edu divests assets to reduce debt, expected to receive cash income of 132.3 million yuan in the next six months | Lianhe Zaobao
Raffles Education plans to reduce debt by selling non-core assets, expecting to generate HKD 132.3 million in cash proceeds over the next six months. The company's total debt has been decreasing year by year, with total debt expected to be HKD 208.7 million as of June 30, 2025, a decrease of 7.3% compared to last year. The company will sell its equity in Raffles Hefei for HKD 76 million, which is expected to bring in a net cash inflow of HKD 11 million, and will sell real estate located on Mazhen Road, expecting a net cash inflow of approximately HKD 121.3 million. In addition, the company is expected to obtain HKD 64 million in cash deposits through convertible bonds
