On Oct 30, 2025, the company disclosed that it had entered into a binding term sheet on Oct 20, 2025 with its founder, controlling shareholder, chairman and CEO, Chew Hua Seng, in relation to the bond agreements dated July 24, 2024, and April 1 for the issuance of unlisted and non-convertible bonds.
Raffles Education announced, on Jan 2, that it has received approval in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of up to 241.1 million shares on the Mainboard.
The approval remains subject to compliance with SGX’s continuing listing requirements and shareholders’ approval at an extraordinary general meeting (EGM).
