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Raffles Education ( (SG:NR7) ) just unveiled an update.
Raffles Education Limited has announced the sale of a property by its subsidiary, Langfang Tonghui Education Consulting Co., Ltd., located in Oriental University City, Hebei Province, China. The property, including land use rights and a commercial building, is being sold to Langfang Fangzhi Education Consulting Co., Ltd. for RMB 7.5 million. The sale involves transferring existing tenant agreements, which mostly expire by June 2025. This strategic disposal reflects the company’s efforts to streamline its real estate assets and potentially reallocate resources to further its core educational services, impacting its operational focus and financial strategy.
More about Raffles Education
Raffles Education Limited is a company based in Singapore, primarily focused on providing educational services and related consulting, with operations extending into real estate management within educational zones.
YTD Price Performance: -12.50%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $35.34M
For an in-depth examination of NR7 stock, go to TipRanks’ Stock Analysis page.
