Raffles Education Corporation

SGX query

Raffles Education draws SGX query on share price surge

SGX RegCohas issued a query to Raffles Education after its shares spiked up to as high as 15.1 cents on September 8.

Company in the news

Raffles Education CEO Chew Hua Seng refutes CAD claims by Oei Hong Leong

“I wish to clarify, for avoidance of all doubt, that there is no such investigation by the CAD against me or my wife or son, to my knowledge,” Chew said in a press release on September 1.


Raffles Education to sell New South Wales property for $74.7 mil

SINGAPORE (Sept 27): Raffles Education Corporation says wholly-owned subsidiary Raffles Assets Australia has entered into a sale and purchase agreement with an independent third party for the disposal of a property in New South Wales, Australia for A$80.0

Raffles Education mulling resubmission of application for Oriental University City's listing to be transferred to the Mainboard

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).

Raffles Education to acquire 6 units in Suzhou commercial building for $1.4 mil

SINGAPORE (June 12): Raffles Education Corporation announced Tuesday that indirect wholly-owned subsidiary Hefei Lanjing Science & Trade Co. has agreed to acquire six individual units within a commercial building in Suzhou, China for a total sum of RMB 6.


Raffles Education reports 1H loss of $7.3 mil

SINGAPORE (Feb 14): Raffles Education Corporation reported 1H18 losses widened to $7.3 million from $5.6 million a year ago on lower operating income, higher finance costs, and currency translation differences.  

Oei withdraws requisition notice for Raffles Education to convene EGM

SINGAPORE (Nov 16): Oei Hong Leong and Oei Hong Leong Art Museum have withdrawn their requisition notice for Raffles Education Corporation to convene an extraordinary general meeting (EGM) on Nov 29.


Raffles Education sinks deeper to 1Q net loss of $5.9 mil

SINGAPORE (Nov 9): Raffles Education Corporation saw 1Q18 net loss widen to $5.9 million from a net loss of $1.7 million a year ago.

Raffles Education convenes Nov 29 EGM to vote on Oei’s resolutions

SINGAPORE (Nov 2): Raffles Education is convening an EGM on Nov 29 to consider the proposed resolutions from shareholders Oei Hong Leong and Oei Hong Leong Art Museum.

Raffles Education placing out 95 million new shares to raise $28.5 mil to pare loans

SINGAPORE (Sept 28): Raffles Education Corporation is proposing to sell 95 million new shares at 30 cents each to raise $28.5 million.