Raffles Education Limited said on Feb, 3 2026 that it has fully allocated about 5.50 million Singapore dollars in net proceeds from the sale of 44.66 million treasury shares announced on Jan, 16 2026.

The company directed roughly 1.00 million Singapore dollars to loan repayments and 1.99 million Singapore dollars to an investment in Raffles Iskandar Sdn Bhd. The remaining funds covered working-capital needs, including personnel expenses (0.72 million), professional fees (0.57 million), interest expenses (0.48 million), other payables (0.39 million), other operating expenses (0.10 million) and taxes (0.16 million).

Apart from the investment in Raffles Iskandar, the allocations align with the intended use of proceeds outlined in the January announcement, the company said.