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Raffles Edu's unit eyeing HK$118.8m in listing

Oriental University City placing 45m shares at indicative range of HK$2.60-2.68 apiece

Raffles Education's spin-off listing will see an initial placing of 45 million shares at an indicative price range of HK$2.60 to HK$2.68 apiece.


RAFFLES Education Corporation's Oriental University City is aiming to raise HK$118.8 million (S$20.52 million) in gross proceeds through its listing on the Hong Kong Stock Exchange's Growth Enterprise Market (GEM).

GEM is a market set up for growth companies that do not