Raffles Education Corporation (REC)

Oei Hong Leong drops suit against Raffles Education - THE EDGE SINGAPORE

Company in the news

Oei Hong Leong drops suit against Raffles Education

Oei Hong Leong and Oei Hong Leong Art Museum have filed a notice of discontinuance to wholly discontinue the originating summons against Raffles Education at no cost on Oct 12.

Company in the news

Raffles Education receives legal letter from Oei Hong Leong

Raffles Education says it has received an originating summons from tycoon and substantial shareholder Oei Hong Leong and Oei Hong Leong Art Museum on Sept 29.

Company in the news

Oei Hong Leong buys a further 3.7 mil shares in Raffles Education, increases stake to 13.4%

Singapore tycoon Oei Hong Leong has bought another 3.7 million ordinary shares from the market for $739,815, pricing each share in Raffles Education at 20.0 cents.

Company in the news

Oei Hong Leong increases stake in Raffles Education, causes share price to rise by over 20%

Oei Hong Leong, a substantial shareholder in Raffles Education, has increased his stake in the company to 13.05% from 12.9% previously.

SGX query

Raffles Education draws SGX query on share price surge

Singapore Exchange Regulation (SGX RegCo) has issued a query to Raffles Education after its shares spiked up to as high as 15.1 cents on September 8, at 2.33pm, representing a 32.5% jump from its l

Company in the news

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

Raffles Education chairman and CEO Chew Hua Seng has issued a statement to refute the claims that the Singapore Commercial Affairs Department (CAD) has a pending complaint against himself, his wife

Markets

Further US rate cuts still expected despite divisive FOMC meeting

SINGAPORE (Aug 26): The minutes of the Federal Open Market Committee’s July 31 meeting have indicated that the officials were widely divided in the US Federal Reserve’s decision to ease monetary po

Results

Raffles Education FY19 earnings nearly quadrupled to $40.2 mil on one-off disposal gain

SINGAPORE (Aug 22): Raffles Education Corporation reported FY19 earnings quadrupled to $40.2 million, or 2.92 cents per share, from a year ago.

Results

Raffles Education swings back into the black in FY18 on higher net fair value gain

SINGAPORE (Aug 29): Raffles Education Corporation swung back into profitability in FY18 ended June with $10.7 million in earnings from a net loss of $1.8 million in FY17, thanks to a net fair value

Raffles Education cancels plans for $84 mil sale of unit's Australia property

SINGAPORE (June 6): Raffles Education Corporation (REC) will no longer be disposing of its unit’s property located at 1-3 Fitzwilliam Street, Parramatta, New South Wales, Australia, to Propertylink

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