ESL Teaching - Jobs, lesson plans - View Single Post - Warning: Hartford Institute/Raffles University

lmbeharry · Sat 05-Apr-08, 08:28 PM

Bear In Mind: I love money!!!! I love the good that Money can do. I have no problem whatsoever with Raffles Education Corp/Hartford Institute making good secure long-term ethical and legal profits. But I do have a problem with a company that lies to its constituents (young people with a dream). Read my memo again. I ask the Investors to fix the company - and I told them how to do it... And I am deathly afraid that Raffles will push this same scam throughout Asia...

Did you see this news article:

S'pore Raffles may raise $500-$700 mln in HK listing-source

Mon Jan 21, 2008 4:10am EST

SINGAPORE, Jan 21 (Reuters) - Singapore-listed education provider Raffles Education Corp RLSE.SI may raise up to $700 million by listing part of its Chinese assets on the Hong Kong stock exchange in the middle of this year, a source said.
"The amount should be $500 million to $700 million and the likely listing is in the middle of this year," the source briefed on the deal told Reuters. Earlier the firm said in a statement that it has appointed UBS AG UBSN.VX as an adviser for the listing. The company did not give the total value of its Chinese assets or the amount it intends to raise through the listing.
Raffles Education has a market capitalisation of about $2.2 billion. (Reporting by Saeed Azhar; Editing By Ovais Subhani)

Sat 05-Apr-08, 08:28 PM	#4 (permalink)
lmbeharry Junior Member Join Date: Apr 2008 Occupation: Professor/Businessman Location: Posts: 7	Re: Warning: Hartford Institute/Raffles University Bear In Mind: I love money!!!! I love the good that Money can do. I have no problem whatsoever with Raffles Education Corp/Hartford Institute making good secure long-term ethical and legal profits. But I do have a problem with a company that lies to its constituents (young people with a dream). Read my memo again. I ask the Investors to fix the company - and I told them how to do it... And I am deathly afraid that Raffles will push this same scam throughout Asia... Did you see this news article: S'pore Raffles may raise $500-$700 mln in HK listing-source Mon Jan 21, 2008 4:10am EST SINGAPORE, Jan 21 (Reuters) - Singapore-listed education provider Raffles Education Corp RLSE.SI may raise up to $700 million by listing part of its Chinese assets on the Hong Kong stock exchange in the middle of this year, a source said. "The amount should be $500 million to $700 million and the likely listing is in the middle of this year," the source briefed on the deal told Reuters. Earlier the firm said in a statement that it has appointed UBS AG UBSN.VX as an adviser for the listing. The company did not give the total value of its Chinese assets or the amount it intends to raise through the listing. Raffles Education has a market capitalisation of about $2.2 billion. (Reporting by Saeed Azhar; Editing By Ovais Subhani)