Raffles Education Faces Tax Dispute with Chinese Entity
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Raffles Education Limited is facing a tax dispute with Oriental University City Development Co., Ltd, which claims the company owes approximately S$6.2 million in enterprise income tax and penalties. Raffles Education, after consulting legal advisors, believes the claim is unfounded and intends to contest it. Shareholders are advised to exercise caution and seek professional investment advice. The company operates in the education sector in Singapore and has a current market cap of S$67.81 million.
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