Raffles Education Corp

Raffles Education unit disposes 51% stake in China university operator for $85 mil
SINGAPORE (Apr 29): Raffles Education Corp is selling its entire 51% stake in China-based university operator Langfang Development Zone Oriental University City Sino-Singapore Education Investment Co for 420 million yuan ($84.6 million). The sale will be made through Raffles Education's subsidiary Langfang Tonghui Education Consultancy Co and the buyer is China individual Liu Yanwen. Prior ...
Raffles Education scraps $27.4 mil rights issue in view of recent market conditions, share price falls
SINGAPORE (Mar 6): Raffles Education Corp is cancelling its proposed 2-for-10 rights issue, which would have allowed the group to raise up to about $27.4 million in net proceeds after raising 275.9 million new shares at the issue price of 10 cents per share.   Citing “recent market conditions”, the group also notes that its current share price is currently below the 10-cent issue ...
Disappointment descends on IPC, Raffles Education
SINGAPORE (Nov 27): The big splash that Oei Hong Leong made in the market two months ago lifted shares in IPC Corp and Raffles Education Corp sharply. But investors who attempted to ride the wave might now be underwater. A one-time seller of PCs that later ventured into property development, IPC said on Sept 18 that it would sell a hotel in Zhuhai for RMB200 million ($40.98 million) in cash ...
Oei Hong Leong scoops up more shares in Raffles Education
SINGAPORE (Sept 25): Oei Hong Leong has increased his stake in Raffles Education Corp to 14.04% from 12.77%. According to a Monday night regulatory filing, the billionaire businessman scooped up 12.2 million shares for $3.6 million in open market transactions on Monday. That works out to be an average price of 29.2 cents per share. Shares in the private education provider closed 5.5 cents ...