raffles education

Raffles Education unit’s land in China to be acquired by government for urban planning

The group says it cannot currently assess the impact of the proposed repossession

Acma and Sitra Holdings International are two of the best performers on the SGX in the year to date.
HOCK LOCK SIEW

A couple of micro-cap SGX companies are surging – but investors should think twice before biting

Acma and Sitra have not offered compelling growth stories, so their share price gains may not be sustainable

Raffles Education, led by chairman Chew Hua Seng, will still have operations and schools In China, should the proposed sale take place.

Raffles Education seeks shareholder nod for dual sale of China asset, Merchant Road property

Two extraordinary general meetings will be held on Feb 3; share price jumps 21.3%

Raffles Education sold its Merchant Road property earlier this month for S$121.8 million, booking a gain of S$53 million.
HOT STOCK

Raffles Education leads most active pack on SGX with 60.8 million shares traded; closes 23.4% higher

Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure

Proceeds from the sale of Raffles Education Square (above) will be redeployed to improve working capital and fund higher-yielding initiatives, says the company.

Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain

Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value

To reward shareholders and “partially offset the dilutive impact” of the conversion, the company plans to issue a special dividend of S$0.004 per share.

Raffles Education jumps 19% on debt conversion, special dividend plan

The proposal will raise chairman Chew Hua Seng’s stake to nearly 48%

The letter of demand is from Oriental University City Development Co, a Chinese company.

Raffles Education receives letter of demand for 33.7 million yuan from Chinese company

The group believes that the claim, which relates to a 2021 equity transfer, is ‘without merit’

Lim How Teck, 73, resigned as chairman of Temasek-backed Heliconia Capital, months after his February 2022 arrest over the alleged disclosure breaches. 

Lim How Teck and four other Raffles Education directors charged with disclosure breaches

All the disclosure charges stem from a loan extended by Affin Bank to two subsidiaries of Raffles Education

Raffles Assets, a wholly owned subsidiary of Raffles Education, has received an originating application from NPS International School related to the proposed leasing of a property on Merchant Road.

Raffles Education faces S$500,000 claim; EduTrust cert suspended on admin error

NPS International School has filed a civil claim against Raffles Assets, a wholly-owned subsidiary of Raffles Education Corporation, the private education provider said on Sunday (Aug 20).

Raffles Education Square consists of a four-storey building connected to two rows of conserved buildings and two levels of basement carpark.

Raffles Education puts corporate building on the market again for S$200 million

RAFFLES Education’s commercial building, Raffles Education Square, is up for sale again via tender with an unchanged guide price of S$200 million.