SINGAPORE (July 8): Raffles Education Corporation is considering whether to re-submit a new application for the proposed transfer of listing Oriental University City Holdings (HK) (OUCHK) to the Mainboard of the Stock Exchange of Hong Kong (SEHK).

This is because six months have passed since OUCHK, which is currently listed on the Growth Enterprise Market (GEM), applied on Jan 5 to have the listing transferred.

The lapse has no material adverse effect to its business operation or finance, adds Raffles Education.

Shares in Raffles Education last traded at 16 cents on Friday.