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Raffles Education Corp
08-01-2015, 08:31 PM.
Post: #21
RE: Raffles Education Corp
Hi d.o.g,

Thanks for the article.

It reaffirmed that Raffles Edu was a share play during its darling days. OUC's problems started way back in 04 and was acquired in 08. Thereafter, there were attempts to get accredited investors in to "support" the acquisitions. However M'sian SWF was astute to have a put option when exit plans failed to materialise on time.

This is indeed a good lesson for many investors evaluating growth and darling stocks...

Odd Lots Vested
GG

(08-01-2015, 07:29 PM)d.o.g. Wrote: An interesting read for those who are still following this company and its spin-off:

http://www.espacestemps.net/en/articles/...esrsquo-en

It seems the Chinese government is no longer keen to support such university cities. This would also tie in with the precipitous decline in government subsidies received by Oriental University City Holdings.

At the peak of the hype 10% of OUC was sold to Khazanah for RMB 300m. But when the IPO did not happen by 31 Aug 2013 Khazanah put it back to REC for RMB 400m.

OUC was supposed to be a RMB 2bn project when it was acquired in 2008. Now, 7 years later, it shows total assets of RMB 845m and equity of RMB 769m. Even with the full placement proceeds of HKD 78m after listing expenses, the company will be less than half the original projected size.

As usual, YMMV.

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09-01-2015, 01:43 PM.
Post: #22
RE: Raffles Education Corp
Oriental University City listed in HK now. wow

http://raffleseducation.listedcompany.co...THKJ.3.pdf

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19-11-2015, 03:14 PM.
Post: #23
RE: Raffles Education Corp
Raffles Education CEO to sell 1 million shares
By Leu Siew Ying / theedgemarkets.com | November 19, 2015 : 12:48 PM MYT
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SINGAPORE (Nov 19): Raffles Education ( Valuation: 2.00, Fundamental: 0.50) says today its substantial shareholder Chew Hua Seng will sell 1 million shares in the educations services provider, cutting a stake he collectively hold with his wife to 36.573%.

Chew, who is also the company’s chairman and CEO, and Doris Chung Gim Lian will collectively hold 356,082,899 shares in the company following the sale.

Trading in Raffles Education, which was halted on Oct 22 and suspended on Oct 27, will resume at 1.30 pm today.

The company requested the trading suspension in order for Chew to complete consultations with the Securities Industry Council on the proposed sale.

Raffles Education closed at 29 cents before the trading halt.

http://www.theedgemarkets.com/sg/article...ion-shares

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05-07-2017, 11:46 AM.
Post: #24
RE: Raffles Education Corp
OEI HONG LEONG acquired 4,474,900 shares at around 0.1958/share on Jun 2, 2017.

He now own 11.47% of share.

Any hidden value that he noticed in this? Any comment?

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05-07-2017, 12:11 PM.
Post: #25
RE: Raffles Education Corp
(05-07-2017, 11:46 AM)starcraft_76 Wrote: OEI HONG LEONG acquired  4,474,900 shares at around 0.1958/share on Jun 2, 2017.

He now own 11.47% of share.

Any hidden value that he noticed in this? Any comment?

Lanfang land near BJ...I think...long time never read up already...
=========== Signature ===========
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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13-10-2017, 12:06 PM.
Post: #26
RE: Raffles Education Corp
http://infopub.sgx.com/FileOpen/REC-Anno...eID=474023

Oei hong Leong attempt to remove the current Chairman and director...

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13-10-2017, 09:20 PM.
Post: #27
RE: Raffles Education Corp
Mr Chew is the company's largest shareholder with a 33.58 per cent stake, down from 36.88 per cent before the placement.
Mr Oei brought his stake up to 14.04 per cent. This was diluted to 12.88 per cent after the placement.

The speed of the private placement and rationale given is interesting.

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17-11-2017, 10:32 PM.
Post: #28
RE: Raffles Education Corp
Mr Oei no longer interested to know the recipient of the private placement? Huh

http://infopub.sgx.com/FileOpen/REC-Anno...eID=478928

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18-11-2017, 03:05 PM.
Post: #29
RE: Raffles Education Corp
http://www.zaobao.com.sg/finance/singapo...118-811962

昨天本地股市开始交易前,公司发出撤消特别股东大会的文告。随后,黄鸿年向媒体发出声明说:“我们撤回召开特别股东大会的要求,以专注于高等法院的诉讼。”

zaobao reports OHL to go court with Chew Hua Seng instead.

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20-11-2017, 01:46 PM.
Post: #30
RE: Raffles Education Corp
OHL not scared of bringing Temasek to court over Natsteel....what more little REC...
=========== Signature ===========
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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