Even with that reversal sign shown yesterday , RafflesEdu did not show any continuous uptrend pattern . Instead it formed a shooting star which suggested that its momemtum was ending at closing .It may go down to fill the gap created today very likely
Even with that reversal sign shown yesterday , RafflesEdu did not show any continuous uptrend pattern . Instead it formed a shooting star which suggested that its momemtum was ending at closing .It may go down to fill the gap created today very likely .
REC must have own 100% of UOC, and by selling 10% of it at 62.5 million. and planning to list OUC together with the msian investor, khazanah, does it mean that UOC is worth 625million? Does that mean a huge profit coming for REC?
Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.
Khazanah will pay $62.5 million for the stake in the unit, which operates a campus with about 36,000 students in China’s Hebei Province, Raffles said. The stock surged 14% to 39.5 cents as of 9:20 a.m., the steepest gain since Feb 27.
Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.
Khazanah will pay $62.5 million for the stake in the unit, which operates a campus with about 36,000 students in China’s Hebei Province, Raffles said. The stock surged 14% to 39.5 cents as of 9:20 a.m., the steepest gain since Feb 27.
Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.
Khazanah will pay $62.5 million for the stake in the unit, which operates a campus with about 36,000 students in China’s Hebei Province, Raffles said. The stock surged 14% to 39.5 cents as of 9:20 a.m., the steepest gain since Feb 27.
Even with that reversal sign shown yesterday , RafflesEdu did not show any continuous uptrend pattern . Instead it formed a shooting star which suggested that its momemtum was ending at closing .It may go down to fill the gap created today very likely .
good thing about REC is that it is still the biggest education group in Asia. having colleges and institution all over many developing countries is a good thing. students population will grow. parents are also willing to pay for a good english based education especially in countries like china and vietnam. huge population. i believe huge growth.
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961-980 of 1924
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