Raffles Education

[millionairemind]

This ticker's up 14%. Shortists kena squeeze BIG TIME

NEWS RELEASE
KHAZANAH INVESTS RMB 300 MILLION (APPROX S$62.5 MILLION) FOR 10%
STAKE IN RAFFLESEDUCATIONCORP’S ORIENTAL UNIVERSITY CITY
- RafflesEducationCorp and Khazanah intend to list OUC by August 2013
http://info.sgx.com/webcoranncatth.nsf/ ... penelement

[winston]

Not vested. From DBS:-

Raffles Education has entered into an agreement with Khazanah, the investment holding arm of the Malaysian
Government, to sell 10% of OUC for RMB300m. OUC, subsidiary of Raffles Ed, owns the Oriental University City.

The deal values OUC at RMB3bn. Raffles Ed will realize an estimated gain of S$27.8m from the transaction. The deal is positive to Raffles Ed as
1) the vote of confidence from Khazanah validates the long-term growth prospects of OUC and
2) proceeds from the deal would help Raffles Ed to pay off the outstanding payables relating to the
acquisition of OUC

[Blackjack]

Lots of insider activity recently. Are they trying to tell us something?

Not vested.

[Musicwhiz]

Lots of insider activity recently. Are they trying to tell us something?

Not vested.

What kind of insider activity? Buying or selling?

[ichew]

hi MW
checked out for u
they r buying

http://raffleseducation.listedcompany.c ... /id/199625

on 19feb10
director henry tan bgt 200,000 at 0.3725 ($74,500)
director Prof. Tan Teck Meng bgt 100,000 at 0.37

on 18feb
director Prof. Tan Teck Meng bgt 131,000 at 0.3788
director john teo bgt 300,000 at 0.39333

on 12feb
director henry tan bgt 100,000 at 0.38

[Blackjack]

Yup.. They are telling us "pls buy. we are too. its still cheap u see."

[winston]

Once bitten, twice shy.

A leopard cant change it's spots so soon.

Whenever I invest in a family run business, the track record of the owners are very important.

The whole world is my osyster. Why would I want to waste my time and energy on someone who has a patchy track record ?

[millionairemind]

Raffles Edu mulls setting up campus at Iskandar

By JOYCE HOOI

RAFFLES Education Corporation Limited will be collaborating with Education@Iskandar Sdn Bhd - a wholly-owned subsidiary of Iskandar Investment Berhad - to study the feasibility of establishing a multi-institutional education campus in Iskandar Malaysia.

The development will be named 'Raffles University Iskandar' and will include the launch of Raffles University as part of the first phase.

Both parties intend to eventually form a joint venture company in Malaysia to build and operate Raffles University Iskandar.

The proposed Raffles University will be developed on a 65-acre plot of land and aims to enroll about 5,000 students within the first five years.

[winston]

Not vested.

RAFFLES EDUCATION - Raffles Education Corporation may invest 200 million ringgit ($59.58 million) in a campus in neighbouring Malaysia over five years, the Business Times reported citing the Raffles' chief executive.


Source: Reuters

[millionairemind]

May 4, 2010, 5.27 pm (Singapore time)

Raffles Education's Q3 net profit falls 28%

By ANGELA TAN

SINGAPORE - Raffles Education Corporation Limited reported on Tuesday that its net profit for the third quarter ended March 31, 2010 fell 28 per cent to $30.13 million (US$21.95 million).

Revenue slipped 9 per cent to $143.42 million due partly to a fall in the student intake in China