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Raffles Education Corp
02-09-2013, 10:12 PM. (This post was last modified: 02-09-2013, 10:49 PM by pianist.)
Post: #11
RE: Raffles Education Corp
read The Company intends to fund the Proposed Acquisition through internal resources and borrowings.

luckily no rights issue

not vested

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30-07-2014, 07:50 AM.
Post: #12
RE: Raffles Education Corp
Raffles Assets snaffles up Parramatta commercial site
Mercedes Ruehl
196 words
30 Jul 2014
The Australian Financial Review
AFNR
English
Copyright 2014. Fairfax Media Management Pty Limited.
Raffles Assets Australia, subsidiary of Singapore's Raffles Education ­Corporation has picked up Enterprise House in Sydney's Parramatta for $29 million.

The six-storey office building at 1-3 Fitzwilliam Street was sold vacant but sits in a prime location opposite Parramatta Train Station and Westfield shopping centre. The deal was negotiated by Arland Domingo and Peter Hanzis of Knight Frank, who declined to comment when contacted by The Australian Financial Review.

Raffles Education Corporation is listed on the Singapore Stock Exchange. It the largest private education group in Asia Pacific, according to its website.

In an announcement to the stock exchange, the company said the property will be redeveloped as a permanent campus for the company's college in Sydney, the Raffles College of Design and Commerce – which currently operates out of leased premises.

"The acquisition is in line with the Company's move to eventually have all its schools, colleges, universities operate out of own premises," the company said in a statement.

The building has a net lettable area of 9782 square metres and has a land size of circa 2049 square metres.


Fairfax Media Management Pty Limited

Document AFNR000020140729ea7u00039

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22-08-2014, 07:26 AM.
Post: #13
RE: Raffles Education Corp
http://www.businesstimes.com.sg/premium/...n-20140822

PUBLISHED AUGUST 22, 2014
Raffles Education full-year profit doubles on divestment gain
BYCARINE LEE
carinel@sph.com.sg @CarineLeeBT

RAFFLES Education Corporation yesterday said its net profit for the fiscal year ended June 30 doubled to S$55.37 million from S$26.67 million on gain from divestments.
While revenue fell one per cent to S$127.39 million, other operating income rose 53 per cent to S$102.49 million.
Raffles enjoyed a gain of S$45.5 million on divestment of 490 mu (326,700 square metres) of land and properties in Oriental University City (OUC), and a S$40.8 million gain on disposal of 50 per cent equity interest in Value Vantage Investment and Management (Hangzhou) Co Ltd.
In addition, the group received compensation income of S$4.1 million confirmed by Langfang city government in China in October last year, as OUC had assumed certain liabilities on their behalf in prior years.

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19-09-2014, 07:18 AM.
Post: #14
RE: Raffles Education Corp
http://www.businesstimes.com.sg/premium/...d-20140919

PUBLISHED SEPTEMBER 19, 2014
Raffles Education skis into Switzerland
Latest purchase of Swiss properties marks its maiden European foray
BYANITA GABRIEL
anitag@sph.com.sg @AnitaGabrielBT

Mr Chew: 'With our three growth engines operating in tandem, we are better positioned to harness value-accretive three-pronged opportunities around the world'
FROM the animated city of Sydney to the atmospheric Clarke Quay in Singapore and the dusty charm of Phnom Penh, the business voyage of Raffles Education Corp - one of Asia's largest private school operators - has now taken it to Europe, on the slopes of Nendaz in Switzerland.
In its maiden foray into Europe, the mainboard-listed company said on Thursday that it will buy a spanking new four-star hotel with seven commercial units below and land with readily available teaching facilities and dormitories for 29.12 million Swiss francs (S$39.8 million).
Raffles Education plans to set up schools for hospitality management and design and a Swiss International Baccalaureate school there.
The rationale is clear - for its schools scattered in 30 cities across 12 Asia-Pacific countries and now Switzerland, to woo more students with the sweetener being a possible internship at Hotel Nendaz 4 Vallees and Spa - an Alpine resort-style hotel at the heart of a ski resort which opened its doors only in December last year.

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19-09-2014, 12:25 PM.
Post: #15
RE: Raffles Education Corp
at this rate, they are going to haf to consider changing their names to a la "Raffles Preperties" or Raffles land, or sumthing along those line u know..

hardly anyone is not into properties this days, kinda scary if U ask me..

-not vested-

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08-10-2014, 09:07 PM.
Post: #16
RE: Raffles Education Corp
http://infopub.sgx.com/FileOpen/REC-Anno...eID=317481

PROPOSED LISTING OF ORIENTAL UNIVERSITY CITY HOLDINGS (H.K.) LIMITED ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED

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09-10-2014, 05:51 PM. (This post was last modified: 09-10-2014, 05:51 PM by starcraft_76.)
Post: #17
RE: Raffles Education Corp
(19-09-2014, 12:25 PM)tealeaves Wrote: at this rate, they are going to haf to consider changing their names to a la "Raffles Preperties" or Raffles land, or sumthing along those line u know..

hardly anyone is not into properties this days, kinda scary if U ask me..

-not vested-

It might not be such a bad thing for it to own the campus itself. Just think about it, its now the landlord itself and do not subject to rental increases which will cut into its bottom line.

On top of it, when it purchase a property with additional space, it would be most likely able to rent out the space to at least those businesses that targeted the student, who studies at the campus itself.

(vested - and still in red)

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26-12-2014, 04:35 PM.
Post: #18
RE: Raffles Education Corp
http://businesstimes.com.sg/companies-ma...r-spin-off

Raffles Education gets Hong Kong nod for spin-off
By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT
26 Dec 4:32 PM

PRIVATE education provider Raffles Education Corp said on Friday that it has obtained an in-principle approval from the Stock Exchange of Hong Kong (SEHK) for the proposed listing of its subsidiary Oriental University City Holdings (HK) on the Growth Enterprise Market (GEM) board. This follows a no-objection letter from the Singapore Exchange earlier this month...

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08-01-2015, 06:14 PM.
Post: #19
RE: Raffles Education Corp
http://businesstimes.com.sg/companies-ma...k-exchange

Raffles Education's Oriental University City to raise HK$118.8 million on HK exchange
By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT
8 Jan 12:45 PM
RAFFLES Education Corporation's Oriental University City Holdings announced on Thursday the details of its share listing on the Hong Kong Stock Exchange's Growth Enterprise Market.....

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08-01-2015, 07:29 PM.
Post: #20
RE: Raffles Education Corp
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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