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Raffles Education plans 2-for-10 rights issue to repay loans from CEO

Singapore

RAFFLES Education Corporation is proposing a rights issue to partially repay debt, including loans owed to its chief executive officer Chew Hua Seng.

It is planning to issue up to 275.86 million new shares at an issue price of S$0.10 for each rights share on the basis of

sentifi.com

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