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Raffles Education says no basis to Oei Hong Leong's allegations, calls for retraction

It said assertions that chairman Chew Hua Seng used the company to hire family members at high salaries had "simply no basis".. Read more at straitstimes.com. ....

Oei Hong Leong , Chua Seng , Raffles Education Corp , Chew Hua Seng , Straits Times , Stock Market , Singapore Companies ,

Raffles Education shares sink as tycoon Oei Hong Leong's letter to the board circulates

The stock dived 26 per cent, or 2.1 cents, to close at 6.1 cents in the wake of the letter. . Read more at straitstimes.com. ....

Oei Hong Leong , Chua Seng , Doris Chung Gim , Affin Bank , Singapore Exchange , Raffles Education , Chew Hua Seng , Singapore Stocks , Stock Market ,

Singapore tycoon Oei Hong Leong ups stake in Raffles Education to 14% for $1.2m

Singapore tycoon Oei Hong Leong ups stake in Raffles Education to 14% for $1.2m
Photo: Pixabay
May 3, 2021
Singapore billionaire Oei Hong Leong has spent about $1.2 million to raise his stake in listed private education provider Raffles Education to 14% from 13.5%, about eight months after he sued the company, according to a disclosure.
The filing, first reported by Bloomberg, showed that Oei purchased about 6.4 million shares to raise his stake to 14% of the company’s voting shares. He is currently the second-biggest shareholder of the education provider.
The acquisition comes after Oei sued Raffles Education Corp on September 30 over its plan to raise its stake in a Chinese property firm. Days later he dropped the suit and the shareholders of Raffles Education approved the proposed acquisition, with 78.6% voting in favour and 21.4% against. ....

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Tycoon Oei Hong Leong raises stake in Raffles Education to 14%; shares jump 22%

The Straits Times
Tycoon Oei Hong Leong raises stake in Raffles Education; shares jump 22%
Mr Oei Hong Leong also sued Raffles Education last year over a plan to raise its stake in a Chinese property firm.ST PHOTO: WANG HUI FEN
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Oei Hong Leong , Chua Seng , Oei Hong Leong Art Museum Ltd , Raffles Education Corp , Singapore Exchange , Raffles Education , Chew Hua Seng , Singapore Companies , Stocks And Shares , ஓஎி ஹாங் லியோங் , ஹுவா செங் , ராஃபிள்ஸ் கல்வி கார்ப் , சிங்கப்பூர் பரிமாற்றம் , ராஃபிள்ஸ் கல்வி , மெல் ஹுவா செங் , சிங்கப்பூர் நிறுவனங்கள் ,

Regional markets fall on disappointing China factory data

The Straits Times
Regional markets fall on disappointing China factory data
The Straits Times Index slipped 3.31 points or 0.1 per cent to wrap up trading at 3,218.27 points.PHOTO: ST FILE
Tay Peck Gek
https://str.sg/JFCr
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