Raffles Education

Raffles Education: AIF Capital, one of the largest Asian-based private equity funds, has abandoned the proposed RMB 350m acquisition of 10% of Raffles’ subsidiary, Oriental University City (OUC). Despite trading at a 52-wk low of $0.305, upside could be limited, in view of the lost opportunity to monetize its assets, and inability to gain the support of a potentially strong institutional investor/ partner.