Raffles Education Corporation Limited
RFLFF
Other OTC0.05
USD
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Raffles Education Corporation Limited
RFLFF
(Other OTC)
Recent
price
0.05
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ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Raffles Education Limited (NR7.SI), formerly Raffles Education Corporation Limited, operates as an investment holding company providing education and education-related services through its network of 16 institutions across nine countries in Asia-Pacific and Europe, including Cambodia, China, India, Indonesia, Italy, Malaysia, Saudi Arabia, Singapore, and Thailand; the group offers diploma, advanced diploma, bachelor's, master's, and doctorate programs in design disciplines such as animation, digital media, fashion design, graphic design, interior design, jewellery design, product design, video games, visual communication, photography, and fashion marketing and management; business disciplines including accountancy, business administration, commerce, entrepreneurship, marketing, supply chain and logistics, and tourism and hospitality management; technology disciplines encompassing applied electronics, computer science, electronics and communication, electrical engineering, cloud computing, IT security, and information technology; as well as applied psychology, foundation studies, English language, pre-tertiary education, American K-12 curriculum, and Chinese national public school programs. The company conducts operations across four segments: Education, Education Facilities Rental Service involving leasing of teaching buildings, dormitories, and commercial spaces to support student needs; Real Estate Investment and Development focused on acquiring and developing properties in China, Malaysia, and Indonesia; and Corporate and Others providing education consulting, business and management consultancy, vocational and technical training, and supporting services; through its Hong Kong-listed subsidiary Oriental University City Holdings (H.K.) Ltd., it leases facilities to 10-12 institutions serving 12,000 students in vocational courses. Founded in 1990 by Hua Seng Chew and headquartered at 111 Somerset Road in Singapore, Raffles Education targets diverse student populations with over 22,000-24,000 enrolments annually, emphasizing industry-relevant, hands-on training to foster employability, creativity, and critical thinking. In October 2022, the company rebranded from Raffles Education Corporation Limited to Raffles Education Limited to streamline its identity; in October 2025, it announced conversion of S$15.53 million in debt owed to Chairman Chew Hua Seng--comprising S$11.75 million in bonds and S$3.78 million in loans--into 241.1 million new shares at S$0.0644 each, raising his stake to nearly 48% while proposing a special interim dividend of S$0.004 per share to offset dilution, subject to shareholder approval; this initiative aims to reduce leverage, enhance the balance sheet, and support long-term sustainability amid FY2024 net cash from operations of S$19.4 million and reduced gearing to 33%.