Raffles Education Corp

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Halted since 11:26am Just now.

https://links.sgx.com/1.0.0/corporate-an...3fc601a6e0

Stay home and stay safe, everyone.

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Trading resume at 3:29pm after Chew Hua Seng published a  shareholder disclosure:
8 Sep 2020 Ooi Hong Leong acquired 2,000,000 shares $284,594.00
https://links.sgx.com/FileOpen/Letter%20...eID=631139

In the evening, another disclosure:
9 Sep 2020 Ooi Hong Leong acquired 1,240,800 shares $219,785.00
https://links.sgx.com/FileOpen/_eFORM3V2...eID=631127

Average price of 0.159714
First day@0.142297
Second day@0.177132

As usually, when Ooi moved, he moved the markets.

Stay home and stay healthy, everyone.

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11 Sep 2020 @0.19995

Stay home and stay safe, everyone. 

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14 Sep 2020 @0.18906

Stay home and stay safe, everyone.

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I tell you what.
Raffles Education is cash rich.

OoiHL called for EGM (link)
ChewHS says no to Ooi (link)
FY Result is out (link)
OoiHL called for EGM and ChewHS says no to Ooi again. Chew will seek legal advise (link)
ChewHS called for EGM - different agenda (link)
OoiHL had increased his stake from 12.9% 177,919,009 to 13.53% 186,651,809
ChewHS formally says no to Ooi EGM request (link)

Stay safe and stay healthy, everyone.

[Shiyi]

As of June 30, the company's cash on hand is $34.6 million and the borrowings $334.6 million.
It's a net borrower.

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Forgive my spreading of false information.
It's definitely not the cash in the bank as what Shiyi pointed out.
Money is what I meant.

Let's see.

Stay home and stay safe, everyone.

[opmi]

REC patterns more than badminton for past 2 years.
If nothing valuable, got people want to chut patterns meh...

[specuvestor]

Pattern used to be for his own benefit 自导自演. At least got Oei now to play badminton with him

We get free badminton show. Tickets not required unless one has high conviction to join the show. I'm not sure if there's value but Oei sounds like a "stockist" based on the revealed facts

[dreamybear]

There is a website highlighting the issues : https://save-raffles-education.com/

"About Save Raffles Education
This website aims to educate investors in Raffles Education about issues surrounding the company which are likely to see the company’s financial performance, share price and dividends continue to deteriorate...."

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https://governanceforstakeholders.com/20...-meetings/