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Raffles Education: Signing of SPA for sale of one of its China' s education business for S$76m
The total consideration for the Proposed Disposal is RMB 426,444,157 (approximately S$76million the &ldquo Total Consideration&rdquo ). The Total Consideration comprises:
(a) The Buyer&rsquo s assumption of the Sellers&rsquo liabilities owed to the Target Company and the College amounting to RMB 314,444,157 (approximately S$56million the &ldquo Sellers&rsquo Liabilities&rdquo ) and
(b) A cash payment of RMB 112,000,000 (approximately S$20million payable by the Buyer to the Sellers (the &ldquo Total Payment Amount&rdquo ).
Net cash inflow to the Group, after deducting all estimated taxes (RMB 50million approximately S$ 9million) and including estimated expenses, is RMB 62million (approximately S$ 11million).
Hope to see it retest its recent high. $0.12+
Top shareholder Mr Chew still hold 38% shares. NAV 0.39 !!
Next week, the share price started to move strongly. It appears that the big players have accumulated enough positions to drive the momentum.&rdquo
Market in red.
Bitcoins drop like nobody business.
Good to collect today since it is friday.
Bitcoins drop like nobody business.
Good to collect today since it is friday.
What is good
- Cash inflow potential. The proposed disposal consideration is RMB 320 million, subject to due-diligence adjustments.
- If this goes through, Raffles will receive a significant amount of cash which can strengthen its liquidity or reduce debt.
- Strategic simplification. By disposing of this interest, Raffles may be streamlining its operations, reducing exposure to one of its Chinese education investments.
- Disposal could reduce operational burden and allow re-focus on other core segments.
- Market positive reaction. The announcement was reported by major news/finance outlets, suggesting the market is viewing it as a noteworthy event.
shk363 ( Date: 20-Nov-2025 08:44) Posted:
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https://links.sgx.com/1.0.0/corporate-announcements/3AUNKZKCCIJE6XPG/acd26fd2e46569f0f1b73431dbebbc5063b2cea18e23476e9187882c50b99c06
The aggregate consideration for the Proposed Disposal is RMB 320 million (the &ldquo Consideration&rdquo ), which is subject to adjustment based on the results of the due diligence exercise to be conducted by the Buyer, including potential deductions for relevant liabilities of the Target Company or the College as may be mutually agreed between the parties.
The financial effects of the Proposed Disposal on the consolidated net tangible assets and earnings per share of the Group for the current financial year will be announced in due course upon the signing of the Definitive Agreement
The aggregate consideration for the Proposed Disposal is RMB 320 million (the &ldquo Consideration&rdquo ), which is subject to adjustment based on the results of the due diligence exercise to be conducted by the Buyer, including potential deductions for relevant liabilities of the Target Company or the College as may be mutually agreed between the parties.
The financial effects of the Proposed Disposal on the consolidated net tangible assets and earnings per share of the Group for the current financial year will be announced in due course upon the signing of the Definitive Agreement
shk363 ( Date: 20-Nov-2025 08:44) Posted:
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Starting to drop....
mou signed to divest 320mil worth of asset
treetops ( Date: 20-Nov-2025 08:09) Posted:
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Looking forward this week...
tofudidi ( Date: 18-Nov-2025 09:28) Posted:
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In collecting mode.
Now it is time to look at Asiatic.
No gas Liao
Don't be baby sitter
solid penny in sea of red
STI drop -35.27 (-0.78%)
The market is broadly in decline, yet Raffles Edu continues to demonstrate resilience.
It appears that the shortists are notably absent.
It appears that the shortists are notably absent.
eric998 ( Date: 18-Nov-2025 09:26) Posted:
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Looking forward and kill all the shortist.
tofudidi ( Date: 18-Nov-2025 09:28) Posted:
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Breakout 130 coming..
Boring SGX market. Later volume comes in shortists opportunity to short. After that go do nice holiday. Thanks to retailers who paid for the trip. Trade with care.
treetops ( Date: 18-Nov-2025 09:04) Posted:
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Need some boost for this shares