Latest Forum Topics / Raffles Edu Last:0.038 -0.002 | Post Reply |
Times to goes up
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stockmarketmind
Master |
13-Sep-2012 13:38
Yells: "stockmarketmindgames" |
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really?What did he do back then?
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Henry$$$
Senior |
13-Sep-2012 12:31
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Be caution.... I was trapped by Mr. Ooi action many years ago on Informatic.... He sudden sold his stake within few days after news announcement. |
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merlin_magic
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13-Sep-2012 11:38
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Pure speculation....Actually I jumped at 41.5 cents but then I realise the price Mr Oei bought is 32 cents... So I sold at the 41.5 cents and lost my commission..... Actually, come to think of it, Mr Oei is now able to sell his stake which he previously bought on the market at 32 cents at 44 cents, making a quick windfall like what he did in Intraco... So high risk...happy trading.....   |
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ozone2002
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13-Sep-2012 09:59
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Mr Oei Hong Leong has become a substantial shareholder of private education provider Raffles Education. Mr Oei bought 11.55m shares in an open market purchase at 32.6 cents apiece, raising his direct 3.51% stake to 4.86%. Including a deemed stake of 1.28%, his holding is now
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ozone2002
Supreme |
13-Sep-2012 09:16
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Director / Substantial Shareholders’ Transactions CompanySubstantial Shareholder / DirectorFrom (%)To (%) RAFFLES EDUCATION CORP LTD Oei Hong Leong 3.51 4.86 |
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Greenbean
Senior |
28-Aug-2012 14:53
Yells: "Live green. Let it be GREEN." |
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extracted 2. Raffles
Education at 8-yr low after rights issue plan Shares of Raffles Education Corp fell to an eight-year low after the Singapore education services provider announced a rights issue
plan and a net loss of $59.3 million for the financial year ended
June.  ... 3. Aug
28: Ezra, Raffles Education, Great Eastern Holdings ...  education services provider Raffles Education said on Monday it plans to issue up to 170.9 million rights shares at $0.14 each, on the basis of one rights share for every five existing shares held by certain  ... Tuesday, 28 August 2012
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wanglausern
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26-Aug-2012 18:27
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EARNINGS RELEASE RAFFLESEDUCATION LOSS OF S$84.8 MILLION FOR FY2012 CORP POSTS REVENUE OF S$131.1 MILLION AND NET- Revenue of S$131.1 million- Other operating income of S$126.6 million- Net Loss of S$84.8 million- EPS at (8.98) cents- Net Asset Value per share of 58.56 cents- Cash position of S$42.1 million- Net gearing ratio of 0.35 times |
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ysh2006
Senior |
26-Jul-2012 21:36
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IHH trade better than this one ? | |||||||
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swissvic
Member |
21-May-2012 16:11
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Potential Upside▲ 0.0%▲ 105.3%
Current PriceSGD0.375
Consensus Target PriceSGD0.770‡
Phillip Research Target PriceSGDN/A‡
Business SummaryRaffles Education Corporation Limited is engaged in investment holding company and provision of office support services. The Company operates in four segments: Private Education System (PES), National Education System (NES), Oriental University City Campus Management (OUC Campus Management), and Corporate and Others. The Company offers students a range of degree, diploma and full-time certification programs in design and business-oriented disciplines at post-secondary level. The Company runs programs within the Chinese national public school system. Located in the Langfang Economic and Development Zone in Langfang city, Hebei province, China, between the cities of Beijing and Tianjin, Oriental University City (OUC) owns and leases out investment properties to colleges. OUC also operates its own colleges. In September 2010, the Company established a college in Bangladesh. In September 2011, the Company formed Raffles K12 Sdn. Bhd. |
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albeniz
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18-May-2012 13:02
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What happen to Raffles Education?  Quite some time ago, 3 shares became 1 share and now the price still drop like no tomorrow. |
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Jackpot2010
Master |
01-May-2012 16:29
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Vietnam revokes S'pore firm's school licence 04:45 AM Apr 30, 2012 SINGAPORE - Some six years after a Singapore education company had its branches in Vietnam shut down, another has suffered a similar fate.  According to media reports in Vietnam, RafflesEducationCorp - which is listed on the Singapore Exchange - had its licence revoked last month by authorities in Ho Chi Minh City after it had been found enrolling students for unauthorised courses.  In December last year, Raffles International Training Centre (RITC) Vietnam - a design institute run by RafflesEducationCorp - was one of three private colleges penalised by the Vietnamese Ministry of Education and Training for allegedly offering illegal joint training programmes with foreign colleges. RITC was accused of cooperating with the Raffles College of Higher Education in Singapore without the necessary licence. The three private colleges were reportedly fined 220 million Vietnamese dong (S$13,100) and ordered to suspend advertising, admission and training activities leading to the award of diplomas and degrees from overseas.  Responding to Today's queries, RafflesEducationCorp confirmed the revocation of its licence. A spokesperson said: " The onset of regulatory tightening in Vietnam is beyond the group's control." She said the group's priority is to " fulfil our obligations to Raffles students and so, we have accordingly processed the permanent transfer of more than 400 students from Vietnam to other Raffles Education Corporation colleges in Singapore, Sydney and Phnom Penh" .  The spokesperson added: " We have offered to bear student airfares and contribute partially to their living expenses in these cities. Our focus is on the welfare of our students, first and foremost, and to minimise any disruption to their continual learning process. Students who have chosen to discontinue their studies with us have been given refunds for tuition fees paid."   RafflesEducationCorp has so far refunded a total of S$5.6 million, according to the spokesperson.  The Thanh Nien Daily also reported that there was an order barring RITC director-general Edmund Hwong from leaving Vietnam. But the RafflesEducationCorp spokesperson refuted this.  The RafflesEducationCorp had previously clarified its position on the controversy. According to the group, there were no clear regulations in Vietnam " governing credit transfer processes leading to the award of diplomas and degrees from overseas" . Following the authorities' decision in December, RITC " fully paid the stipulated violation fine" .  Both its centres in Hanoi and Ho Chi Minh also complied with the suspension order. Subsequently, it appealed against the fine and suspension, as well as sought dialogue with the authorities. But all discussions " yielded unworkable options" . In 2006, Today broke the news that the Singapore International Training Consultancy (SITC) closed its branches in Vietnam after it had run into financial difficulty. It left thousands of students in the lurch and the teachers' salaries were unpaid. The SITC was funded largely by Singaporean investors but its operations were headed by a Taiwanese, who had an international arrest warrant issued against him. |
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louis001
Master |
06-Mar-2012 08:48
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more good news, more good years coming ? | |||||||
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jovenus
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05-Mar-2012 19:16
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  Repost due to typo error http://www.khazanah.com.my/docs/100210_Press%20Statement_Oriental.pdf Kuala Lumpur, 10 February 2010 Khazanah Nasional Berhad (" Khazanah" ) is pleased to announce that it has entered into a conditional Sale and Purchase Agreement to acquire a 10% stake in Oriental University City Limited (" OUCL" ) from Raffles Education Corporation Limited (" REC" ) for CNY300 million (approximately USD44 million or RM150 million). " Upon completion of this transaction, REC and Khazanah intend to list OUC by 31st August 2013 to realise its value Khazanah and REC are also actively exploring the viability of replicating such University City business model in Malaysia and other countries regionally.
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jovenus
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05-Mar-2012 19:13
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http://www.khazanah.com.my/docs/100210_Press%20Statement_Oriental.pdf Kuala Lumpur, 10 February 2010 Khazanah Nasional Berhad (" Khazanah" ) is pleased to announce that it has entered into a conditional Sale and Purchase Agreement to acquire a 10% stake in Oriental University City Limited (" OUCL" ) from Raffles Education Corporation Limited (" REC" ) for CNY300 million (approximately USD44 million or RM150 million). " Upon completion of this transaction, REC and Khazanah intend to list OUC by 31 Khazanah and REC are also actively exploring the viability of replicating such University City business model in Malaysia and other countries regionally. st August 2013 to realise its value. |
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swissvic
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05-Mar-2012 16:44
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Raffles education holding   consist of two parts raffles education --what is value ??? OUC which now valuate at 625 million ,by Khazanah 10% buy. current raffles education holding is 410.9million OUC -raffles ed holding =214.9 million excesss gain without  raffles education value add ??? |
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jovenus
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03-Mar-2012 11:41
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Khazanah seeks stake in Oriental University City MALAYSIAN state investment agency Khazanah Nasional is poised to buy a 10 per cent stake in Raffles Education's Oriental University City (OUC) for 300 million yuan (S$62.5 million). The Malaysian government's investing arm will acquire the asset through its wholly owned subsidiary, Rawa Investments. Oriental University City comprises a 3.31 million sq m self-contained campus in Langfang, Hebei province, China. Operated by mainboard-listed Raffles Education, the facility provides education through 16 colleges that teach a student population of approximately 36,000. The private education group operates 33 colleges of higher education across 11 countries in the Asia-Pacific region. Khazanah managing director Tan Sri Azman Mokhtar told Bernama News Agency that the investment formed part of the agency's growth strategy. 'It gives us exposure to the exponential growth potential of China's education services sector,' he added. Raffles Education chairman and chief executive Chew Hua Seng said bringing OUC within Khazanah's portfolio of 'carefully selected strategic investments signified a validation of the long-term growth prospects of OUC'. He added: 'This is an opportunity for us to monetise part of our investment in Oriental University City.' Raffles Education intends to use the sale proceeds of almost $62.5 million for working capital and to reduce bank loans, according to the announcement it made on Tuesday. Raffles Education and Khazanah plan to list OUC on a yet-to-be-decided stock exchange by the end of August 2013. Last May, Raffles Education announced that it had deferred a third of the 1.5 billion yuan payment that was due to the Langfang municipal government. It was due at the end of last year, but will now be paid by April 30 this year. It said the remaining one billion yuan would be paid in three instalments - 105 million yuan before Dec 31 this year, 500 million yuan by Dec 31, 2012, and the final 395 million yuan by Dec 31, 2013. The group's net profit for its second quarter to end-December last year tumbled 73 per cent to $7.5 million, compared to the same period a year earlier. It reported higher expenses due to the setting up of a new college in Cambodia and one in India. |
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jovenus
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03-Mar-2012 11:08
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This is not just education play anymore ,also becoming property play Property play is about location, location, location ....... Langfang-a new city of China http://www.youtube.com/watch?v=REF5N3astW0   Langfang is a golden area for its heavy industry and population, collected cities and developed business and trade, and large market and potential purchasing ability. This admirable location and convenient transportation offers a big potentiality for its further development
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louis001
Master |
03-Mar-2012 09:20
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Mr Chew has 3.31 million sq m land, he sold 510,000sq m for S$208 million,      how much will remaining 2.8 million sq m worth?  if it is a primary 5 maths question, computing the answer is straight forward..... in real life, timing, location quality of land, buyer and market conditions etc...will decide the real value...... BUT it is still going to be VERY VERY BIG SUM OF MONEY LAH.....  
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swissvic
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02-Mar-2012 13:51
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swissvic
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02-Mar-2012 11:32
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Singapore Companies Published March 2, 2012 Raffles Edu unit to divest four land parcels By CARINE LEE RAFFLES Education Corporation Limited yesterday announced that its subsidiary, Hebei Oriental Zhuyun Property Development Co Ltd, will be divesting four land parcels in the Langfang Development Zone of China's Hebei province for 1.05 billion yuan (S$208 million). This transaction has enabled us to realise cash for re-investment into our core education businesses - Mr Chew Hebei Oriental had on Feb 29 entered into an overall agreement with Langfang Fenghe International Golf Club Co Ltd to transfer the land use rights for the sites and some properties situated on the land, measuring a total of 635 mu. 'The divestment of these non-core assets will enable us to realise returns on our investments in Oriental University City (OUC),' said Chew Hua Seng, chairman and CEO of Raffles Education Corp. Raffles Education had in October 2007 acquired OUC for $392 million, in a deal which saw Raffles Education take ownership and management of Langfang Vocational Technical Institute and the Langfang Health School. The self-contained campus, which is located about 50 km away from Beijing and 60 km from Tianjin and is easily accessible via expressways, spans 3.31 million square metres. The exact process and mechanism and any further terms for implementation and completion of the transfer have not yet been finalised. The private education group did not reveal when it expects the transfer to be completed. But it said that it is currently in discussions with the relevant authorities whose approval of the transfer will be required to reach agreement on the most efficient structure, process and mechanism to achieve the transfer. 'This transaction has enabled us to realise cash for re-investment into our core education businesses,' said Mr Chew. Upon completion of the divestment, Raffles Education will own approximately 2.8 million sq m of the site. | |||||||
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