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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

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Published Thu, Jan 8, 2015 · 09:50 PM

    Singapore

    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 fulfil the requirements of profitability or track record.

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