AIF cancels Oriental University City investment
AIF Capital Management Asia, the Hong Kong-based private equity firm, said that it will scrap a plan to buy a 10% stake valued at RMB350 million ($51 million) in China-based Oriental University City (OUC), owned by Singapore-listed Raffles Education.
The official SGX announcement by Raffles Education explained that AIF Capital decided to scrap the deal in view of recent global economic and market conditions. If the deal had materialized, it would have...
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