Businessman Oei Hong Leong has spent around $1.2 million to snap up nearly 6.4 million Raffles Education shares from the open market.

He now holds a total stake of just over 193 million shares, or 14% of the company, up from 13.53% previously, according to an April 30 notice that was filed late in the evening of Saturday, May 1.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook