wow. 0.44 u can keep for long term already.....

no need to see anymore...

well. again... this type of stock good when recession come....  education is something people focus on during recession.... boom time.... too many jobs,,,,, who will take an additional degree....

Thank you for your feedback, it is well appreciated.  Having joined REC  a few months ago, I can assure you that since taking over, my department has been tracking these issues and proactively updating investors during our conversations on the Company.  Unfortunately,  given the ambit of compliance with the Exchange, it is premature to address most of these events through press releases.  I append herewith my responses to your questions as follows.  Please do not hesitate to contact me should you require further assistance. 

(i) provide updates on the status on the universities's approval in the respective countries.   Raffles University Iskandar and Raffles Millennium University are in the final stages of approvals on the attainment of university license. 
(ii) provide updates on the decline in students in china's colleges and what action plans management is doing to rectify and mitigate the existing risks.  The decline in students at China’s colleges is a structural one and overall China has seen a 10% decline in total student nos taking the Gaokao or the entrance exam.  As such, our enrolment figures in China had been affected but China remains a key market for the Group, contributing 66% of our revenues.  To address the structural headwind, the Group has been aggressively expanding outside China over the last two years to diversify our reliance on one market.
(iii) provide updates on the discussion with strategic investor for partnership since the last withdrawal of the previous investor. khazanah discussion is mentioned in the annual report. sharesholders are anxious to know what are the status of the discussion if there is any. As we have briefed investors, the Group is not actively looking to replace AIF and there is no urgency as the Group remains fundamentally sound.  The Khazanah transaction was completed in March 2010 and today, they hold 10% of OUC.

(iv) provide update on news of nasdaq listing of oriental university city which is previously discussed.   The listing of OUC is currently underway.  I am not sure what you were previously told but it is not confirmed that its NASDAQ.  The listing procedure takes time and will be announced in due course on confirmation.
(v) provide update on the strategic move into the india market which is on the management's plate currently. Today, 8 colleges have been established in India and India enrolment has increased some 10% quarter over quarter.  Most of the India colleges were opened only in July 2010 .
 
the company has a decent business models and its a shame that all the above issues are not addressed and communicated to the sharesholders, investors and the public at large in a timely and clear manner. please forward this to mr chew for his review on my humble opinions. we need to address these fast to regain public confidence. Agree fully.  I urge you to bear with us.  We will do our best to recover the investor confidence in the Group asap