Raffles Education

“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.

Oei wants Raffles Education to appoint an independent special auditor to undertake a series of reviews

SINGAPORE (May 8): Raffles Education, the private education provider, reported 3Q19 losses narrowed to $0.6 million from losses of $4.0 million in 3Q18.

SINGAPORE (Apr 3): Raffles Education is planning to raise $44.6 million in a rights issue to to strengthen its capital base, repay debts and for general corporate and working capital purposes.

SINGAPORE (Oct 13): Notable asset trader Oei Hong Leong, the second largest shareholder of Raffles Education, is calling for an EGM to oust chairman Chew Hua Seng.

SINGAPORE (Oct 11): Raffles Education says Oei Hong Leong’s stake in the group has fallen to 12.88% from 14.04%.

SINGAPORE (Sept 25): Raffles Education gained as high 31 cents on Monday after The Edge Singapore reported this week (Issue 798) that billionaire businessman Oei Hong Leong had recently increased his stake in the private education provider.

SINGAPORE (Aug 23): Raffles Education Corporation posted earnings of $627,000 for FY17 ended June, a reversal from the $21.1 million loss in FY16.

SINGAPORE (May 9): Raffles Education reported net loss attributable to shareholders widened to $9.4 million for the 9M17 ended March from $6.5 million a year ago.

SINGAPORE (March 30): Here are some stocks that could move the market this Thursday morning.