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Raffles Education
Oei Hong Leong donating $2.7m from proceeds of REC share sale
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Billionaire Oei Hong Leong, a substantial shareholder of embattled education services provider Raffles Education Corporation (REC), is donating $2.7 million to the National University of Singapore (NUS).
A letter seen by The Straits Times shows that Mr Oei signed and addressed it to NUS president Tan Eng Chye yesterday.
