Raffles Education Limited said it has redeemed and cancelled unlisted, non-convertible bonds with a principal value of 12.25 million Singapore dollars on Feb, 27 2026, in line with the terms of the relevant subscription agreements.

The company paid accrued interest of about 0.15 million Singapore dollars, bringing the total cash outlay for the transaction to roughly 12.40 million Singapore dollars.

Raffles Education added that an outstanding 11.75 million Singapore dollars of similar bonds held by founder and chairman Chew Hua Seng remain subject to proposed conversion into new company shares, as detailed in filings released on Oct, 30 2025, Jan, 02 2026 and a circular dated Jan, 08 2026.

The board advised shareholders to exercise caution when trading the company’s shares and said further announcements will be made as material developments arise.