Raffles Education (SG:NR7) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Raffles Education Limited has announced that several of its current and former directors have been formally charged with offences related to the alleged failure to disclose critical financial information to the Singapore Exchange. The information in question pertains to demands for the return of outstanding credit facilities by Affin Bank and legal claims against the company amounting to over RM416 million. The directors have surrendered their passports and are currently out on bail following the charges.
For further insights into SG:NR7 stock, check out TipRanks’ Stock Analysis page.
