Breaking News, World News and Taiwan News.

Updated Friday, October 12, 2007 0:00 am TWN, Bloomberg

Raffles Education buys Chinese university

SINGAPORE -- Raffles Education Corp., a Singapore- based private education provider with 26 schools in Asia, will buy China’s Oriental University City Development Co. for S$392 million (US$267 million). Oriental University develops, operates and manages colleges and a university in China, Raffles Education said in a statement to the Singapore stock exchange today.

The acquisition will enable Raffles to expand in China, one of its fastest-growing markets. Today’s announcement is the company’s second purchase this year, after it bought 24 percent of Easycall International Ltd. for about S$262 million.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email

Asia Breaking News

Updated Tuesday, February 9, 2010 2:25 pm TWN
▪	Japanese bank lending declines most in four years
▪	Hong Kong property is due for correction: Cheung Kong
▪	Asia in 'risk free zone' amid debt woes: CIMB
▪	India economic growth may accelerate: data
▪	Asian stocks mostly down on European debt woes

Most Read

▪	Uncertainty in search after deadly Conn. blast
▪	Museum recruiting agency in gender discrimination scandal
▪	Female workers suffer serious salary discrimination: survey
▪	Local study proves relation between tobacco, lung cancer
▪	Yanukovich presses Ukraine rival to concede defeat

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Get Car Hire Asia, Thailand, Middle East, Cyprus, Dubai, USA
▪	Beijing Hotels, Shanghai Hotels and Guangzhou Hotels discount booking via sinohotel.com
▪	Business Directory