Raffles Education was also asked to confirm its compliance with the listing rules.
See also: Hotel Properties ‘not aware’ of any possible explanation for ‘unusual’ share price movements
Shares in Raffles Education further rose, reaching an intra-day high of 21.3 cents, 29.9% above its last closed price.
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Shares in the company closed 3.6 cents higher or 22.0% up at 20 cents on April 30.
