Raffles Education:A problem child
Raffles Education is in the news again, but for the wrong reason. It has to cancel options given to non-executive directors after finding out that they have expired.
This shows that the board is not doing its work properly. No wonder, they are now proceeding to invest in China’s property sector as Raffles Education “identified a property developer in Singapore to co-develop the Oriental University City (OUC) land to monetise its SGD394m investment in the university city”.
Entering the China property sector at the peak is asking for trouble.
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