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Corporate digest

Published Mon, Apr 17, 2017 · 09:50 PM

Raffles Education

RAFFLES Education Corporation Ltd (REC) has been handed a 163.2 million rupee (S$3.5 million) rupee victory by an arbitration tribunal in India for breaches by Indian education services company Educomp of a prior share purchase agreement. As such, REC will not be completing the sale and purchase, it said in a filing on Monday morning.

The suit was launched in September 2015, and was delivered its final award on March 31, 2017.

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Companies & Markets

Companies & Markets

Corporate digest

Companies & Markets

Bank of Japan upbeat on consumption, service price outlook

Brokers’ take: KGI initiates Winking Studios with ‘outperform’, S$0.34 target price

Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings

Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too

Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut

Cromwell E-Reit posts 10.2% drop in indicative Q1 DPU to 3.505 euro cents

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