Raffles Education shares climb over 18% after Oei Hong Leong ups stake
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SHARES of Raffles Education Corp sustained their gains on Wednesday afternoon after the company announced that substantial shareholder Oei Hong Leong had bumped up his stake slightly, from 12.9 per cent to 13.05 per cent.
The tycoon bought an additional two million ordinary shares on Tuesday for S$284,594, Raffles Education said in a bourse filing on Wednesday.
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