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28-08-2021, 10:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
On 29 July 2021, after the close of trading, Raffles Education Corporation (REC) (https://sg.finance.yahoo.com/quote/nr7.si/) announced that the company and its two Malaysian subsidiaries have been served with writs and statements of claims by Affin Bank on 27 May 2021 in the High Court of Malaysia. The writs sought immediate repayment of loans amounting to RM410 million (S$131 million) under facilities entered into by REC’s two subsidiaries. This amount was more than half...
Read more (https://www.sammyboy.com/threads/message-to-shareholders-of-raffles-education-corporation.309397/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/message-to-shareholders-of-raffles-education-corporation.309397/).
On 29 July 2021, after the close of trading, Raffles Education Corporation (REC) (https://sg.finance.yahoo.com/quote/nr7.si/) announced that the company and its two Malaysian subsidiaries have been served with writs and statements of claims by Affin Bank on 27 May 2021 in the High Court of Malaysia. The writs sought immediate repayment of loans amounting to RM410 million (S$131 million) under facilities entered into by REC’s two subsidiaries. This amount was more than half...
Read more (https://www.sammyboy.com/threads/message-to-shareholders-of-raffles-education-corporation.309397/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/message-to-shareholders-of-raffles-education-corporation.309397/).