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Company Watch

Need for Raffles Education to shed light on its dealings and plans

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A shocking announcement by Raffles Education (REC) that its auditors had highlighted material uncertainty on its ability to continue as a going concern has added another chapter to the ongoing saga of the troubled company.
The announcement, made late Friday night, noted that the group's liabilities exceeded its current assets by $196.4 million for the financial year ended June 2021.
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