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Oei calls for EGM on Raffles Edu rights issue

Exercise supposed to be covered by a share issue mandate approved by shareholders at AGM on Oct 29

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Tycoon Oei Hong Leong wants Raffles Education Corporation to hold a shareholders' meeting to vote on terminating the over-S$27 million rights issue meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.

Singapore

TYCOON Oei Hong Leong wants Raffles Education Corporation to hold a shareholders' meeting to vote on terminating the over-S$27 million rights issue meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.

According to a letter to Raffles Edu's...

sentifi.com

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