Raffles Education Limited completes conversions of outstanding amounts owed to Chew Hua Seng into new ordinary shares in the capital of the company
The board of directors (the &ldquo Board&rdquo or the &ldquo Directors&rdquo ) of Raffles Education Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s announcements dated 30 October 2025, 2 January 2026, 23 January 2026, 27 February 2026 and the circular (&ldquo Circular&rdquo ) dated 8 January 2026 (collectively, the &ldquo Previous Announcements&rdquo ) in relation to, among other things, the Proposed Conversions.
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as ascribed to them in the Previous Announcements.
The Board is pleased to announce that the Proposed Conversions have been completed today, and the Company has issued and allotted an aggregate of 
241,100,605 Conversion Shares  to Mr. Chew, in accordance with the terms of the Binding Term Sheets.
Following the allotment and issuance of the Conversion Shares, the total number of issued Shares (excluding treasury shares) of the Company has increased from 
1,539,506,798 Shares  to 
1,780,607,403 Shares.
The Conversion Shares issued rank 
pari passu  and carry all rights similar to the existing Shares of the Company, except that the Conversion Shares will not rank for any dividends, rights, allotments or other distributions, the record date for which falls on or before the date of the allotment and issue of the Conversion Shares.
For the avoidance of doubt, the Conversion Shares will not be entitled to the 
Special Dividend announced by the Company on 27 February 2026.
The Conversion Shares are expected to be listed and quoted on the 
Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST)  on or around 
13 March 2026.
Debt has been significantly reduced close to zero.
Own most of the assets.
Divesting China properties.
Going aggressive in Asia especially Indonesia.
Iskandar huge land owner bought low price.
NAV 40 cts.
Just buy and keep this stock please more and more good news ahead.
Neutral_Guy ( Date: 11-Mar-2026 09:06) Posted:
| The big boss completed the shares allocation and it is a good news. Time to keep. |
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The big boss completed the shares allocation and it is a good news. Time to keep.
if drop below 120 i will add on more..
piscesmonkey ( Date: 09-Mar-2026 15:30) Posted:
| Now cheaper then BB bought? The selling price for the treasury shares is S$0.127 per share (?Selling Price?) for a net consideration of S$5,501,702.36. (?Net Proceeds?). The Net Proceeds from sale of treasury shares will be utilised for repayment of borrowings and general working capital purposes. |
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Now cheaper then BB bought? The selling price for the treasury shares is S$0.127 per share (?Selling Price?) for a net consideration of S$5,501,702.36. (?Net Proceeds?). The Net Proceeds from sale of treasury shares will be utilised for repayment of borrowings and general working capital purposes.
Today last day for special dividends
piscesmonkey ( Date: 04-Mar-2026 16:56) Posted:
Collect abit more at 138 tmr should rebound liao
piscesmonkey ( Date: 04-Mar-2026 12:20) Posted:
| Just buy and hold lor wait for 20cents i collected alot liao 😂 |
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Collect abit more at 138 tmr should rebound liao
piscesmonkey ( Date: 04-Mar-2026 12:20) Posted:
Just buy and hold lor wait for 20cents i collected alot liao 😂
Stocky901 ( Date: 04-Mar-2026 12:14) Posted:
| Next week below 140 how? 🤔 |
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Still not too late to short now as the war may last for quite a long period.. 🧐
treetops ( Date: 04-Mar-2026 15:15) Posted:
Those short for the passed 2 days while opening earn big.
Stocky901 ( Date: 04-Mar-2026 13:45) Posted:
| Cross the board deep sell down... Look at kospi index dropped 10%😫 |
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Those short for the passed 2 days while opening earn big.
Stocky901 ( Date: 04-Mar-2026 13:45) Posted:
| Cross the board deep sell down... Look at kospi index dropped 10%😫 |
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Like I also loaded in more Seatrium now as it is a steal.
there is always a reason to sell down an overhyped stock market or any stock.. kospi was lower than STI 2 years ago and look at where it is now..
Stocky901 ( Date: 04-Mar-2026 13:45) Posted:
| Cross the board deep sell down... Look at kospi index dropped 10%😫 |
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Cross the board deep sell down... Look at kospi index dropped 10%😫