Raffles Education (SG:NR7) has released an update.
Raffles Education Limited has entered into subscription agreements with six investors for the issuance of unlisted, non-convertible bonds worth S$3 million. These bonds, part of a larger S$20 million offering, are being subscribed for investment purposes without the intention of influencing the company’s management. The issuance relies on safe harbor exemptions under Singapore’s financial regulations.
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