Raffles Education divests 51 Merchant Road in deleveraging push

A special dividend of $0.4 per share will be issued to shareholders.

Raffles Education Limited has sold 51 Merchant Road as part of the group’s ongoing balance sheet optimisation and deleveraging strategy.

The disposal will generate net cash proceeds of approximately $121.3m.

Following the completion of the disposal and debt reduction exercise, a special dividend of $0.4 per share will be issued to shareholders.

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