Raffles Education CEO to sell 1 million shares when trading resumes
RAFFLES Education Corporation said on Thursday that its chairman and chief executive officer, Chew Hua Seng, would be selling one million of the education company shares when trading resumes at 1.30pm.
After the sale, Mr Chew and his wife, Doris Chung Gim Lian, will collectively hold 356.08 million Raffles Education shares, representing a 36.57 per cent stake.
Raffles Education shares have been suspended from trading since October, pending an application by Mr Chew with the Securities Industry Council with regard to his shareholding in the company.
As the consultations have been concluded, trading of the shares will resume at 1.30pm.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly