Raffles Education (SGX:NR7) said it will issue unlisted, non-convertible bonds worth SG$750,000 under its third tranche issue to two subscribers, according to a Thursday filing on the Singapore Exchange.
Both investors, Chew Han Wei and Chew Hua Mong, are immediate family members of chairman and CEO Chew Hua Seng.
The bond proceeds will be used to refinance the group's borrowings. The company had previously raised funds through two bond tranches but faced challenges securing external investors, prompting the allocation to the current subscribers.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。