Tycoon Oei Hong Leong discontinues legal action against Raffles Education
Tay Peck Gek
Singapore
RAFFLES Education Corp (REC) substantial shareholder Oei Hong Leong has discontinued his latest legal action against the company in relation to its plan to raise its stake in a Chinese property firm.
In a statement to the bourse, the mainboard-listed REC announced that Mr Oei and his firm Oei Hong Leong Art Museum had on Oct 12 filed a notice of discontinuance to terminate the legal action against the company with no order as to costs.
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