Create Value at Oriental University City

 

To shore up its balance sheet, RafflesEducation adopted a strategic asset-backed strategy with the acquisition of Oriental University City (“OUC”) in 2008 in Langfang, China. Besides providing educational services to schools located in OUC, the Group also collects fee revenues by providing higher education on campus through new school establishments and partnerships.

 

The vast resources of land and buildings at OUC enables the Group to further develop a large-scale university city with amenities and facilities for a conducive learning and living environment.

 

The Group has systematically divested some of its non-core assets in the region, including some assets located in OUC. It is the Group’s intent to streamline its assets and realise the value of its education assets for reinvestment into its growing education business.