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Tycoon Oei Hong Leong discontinues legal action against Raffles Education

Tay Peck Gek

Published Wed, Oct 14, 2020 · 09:50 PM

Singapore

RAFFLES Education Corp (REC) substantial shareholder Oei Hong Leong has discontinued his latest legal action against the company in relation to its plan to raise its stake in a Chinese property firm.

In a statement to the bourse, the mainboard-listed REC announced that Mr Oei and his firm Oei Hong Leong Art Museum had on Oct 12 filed a notice of discontinuance to terminate the legal action against the company with no order as to costs.

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