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Raffles Edu shares drop 6.14% after Oei's salvo on rights issue

Chairman Chew Hua Seng says company taking legal advice on Oei's letter requisitioning an EGM

Singapore

RAFFLES Education's stock fell on Friday by 6.14 per cent to close at S$0.107, following news that tycoon Oei Hong Leong wants a shareholders' meeting to vote to quash the private education operator's over-S$27 million proposed rights issue.

After the company announced a...

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