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Dispute between Singapore tycoon and Raffles Education escalates

Oei, the second-largest shareholder in Raffles Education, has had a tumultuous relationship with it since 2017.

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Morning Briefing: Top stories from The Straits Times on Oct 22

Good morning! Here are our top stories to kick-start your Friday, Oct 22.. Read more at straitstimes.com.

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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 leongChua sengDoris chung gimAffin bankSingapore exchangeRaffles educationChew hua sengSingapore stocksStock market

Raffles Education says can continue as going concern, no need to suspend trading

Auditors earlier noted group's current liabilities exceeded current assets by $196.4m for financial year ended June.. Read more at straitstimes.com.

Singapore education investment coLangfang development zone oriental university city sinoUniversity city holdingsBoustead collegeRaffles education corporationSingapore exchangeWanbo institute of science technologyAffin bankRaffles educationWanbo instituteOriental university city holdingsSingapore companies

Auditors question ability of Raffles Education to continue operating

Once a star on SGX, REC has been pounded by negative news flows and poor market conditions.. Read more at straitstimes.com.

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