raffles education

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Raffles Education leads most active pack on SGX with 60.8 million shares traded; closes 23.4% higher

Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure

Proceeds from the sale of Raffles Education Square (above) will be redeployed to improve working capital and fund higher-yielding initiatives, says the company.

Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain

Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value

To reward shareholders and “partially offset the dilutive impact” of the conversion, the company plans to issue a special dividend of S$0.004 per share.

Raffles Education jumps 19% on debt conversion, special dividend plan

The proposal will raise chairman Chew Hua Seng’s stake to nearly 48%

The letter of demand is from Oriental University City Development Co, a Chinese company.

Raffles Education receives letter of demand for 33.7 million yuan from Chinese company

The group believes that the claim, which relates to a 2021 equity transfer, is ‘without merit’

Lim How Teck, 73, resigned as chairman of Temasek-backed Heliconia Capital, months after his February 2022 arrest over the alleged disclosure breaches. 

Lim How Teck and four other Raffles Education directors charged with disclosure breaches

All the disclosure charges stem from a loan extended by Affin Bank to two subsidiaries of Raffles Education

Raffles Assets, a wholly owned subsidiary of Raffles Education, has received an originating application from NPS International School related to the proposed leasing of a property on Merchant Road.

Raffles Education faces S$500,000 claim; EduTrust cert suspended on admin error

NPS International School has filed a civil claim against Raffles Assets, a wholly-owned subsidiary of Raffles Education Corporation, the private education provider said on Sunday (Aug 20).

Raffles Education Square consists of a four-storey building connected to two rows of conserved buildings and two levels of basement carpark.

Raffles Education puts corporate building on the market again for S$200 million

RAFFLES Education’s commercial building, Raffles Education Square, is up for sale again via tender with an unchanged guide price of S$200 million.

Raffles Education has made bankruptcy applications against Prakash on Jun 12, and against Lui on May 31.

Raffles Education files bankruptcy applications against defendants in India Educomp case

RAFFLES Education has lodged bankruptcy applications against Indian edtech businessman Shantanu Prakash and Singapore lawyer Dennis Lui, after they failed to pay the group over S$3.4 million awarded b...

The relationship between Raffles Education and Educomp had started around 2006.

Raffles Education units awarded S$2.9 million in damages against defendants in India Educomp case

RAFFLES Education Group has been awarded S$2.9 million in damages by the Singapore High Court against Educomp founder Shantanu Prakash and Singapore lawyer Dennis Lui.

MAINBOARD-LISTED Raffles Education Corporation (REC) on Wednesday (Apr 20) sought to clarify media reports regarding a charge sheet filed against the company over its dispute in India.

Raffles Education clarifies media reports regarding charges filed over dispute in India

MAINBOARD-LISTED Raffles Education Corporation (REC) on Wednesday (Apr 20) sought to clarify media reports regarding a charge sheet filed against the company over its dispute in India.