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Raffles Education ( (SG:NR7) ) has provided an announcement.
Raffles Education Limited has received a Letter of Demand from Oriental University City Development Co., Ltd, alleging liability for enterprise income tax and penalties amounting to approximately S$6.2 million. The company, after consulting with legal advisors, believes the claim is unfounded and plans to contest it vigorously. Shareholders are advised to exercise caution and seek professional advice regarding their investments.
More about Raffles Education
Raffles Education Limited is a company incorporated in Singapore, operating in the education sector. It focuses on providing educational services and managing educational institutions across various regions.
Average Trading Volume: 813,613
Technical Sentiment Signal: Buy
Current Market Cap: S$67.81M
See more data about NR7 stock on TipRanks’ Stock Analysis page.