Oriental University City, a university-town district in Langfang Economic and Technological Development Zone, leases teaching buildings and dormitories to colleges.
Raffles Education accepts a **RMB 293 million payout** from a China land reclamation project, though the move results in a **large reported loss** for the quarter. The company states the payout **strengthens liquidity** amid ongoing financial adjustments. The announcement highlights the trade-off between short-term financial strain and improved cash reserves.
Oriental University City Holdings (H.K.) Limited appoints Kheng Yam Lee as Financial Controller, effective November 25, 2019. Lee previously served as CFO and corporate advisor at Kada Technology Holdings (listed on the London Stock Exchange since 2012) from 2010 to 2014, and as Financial Controller at Foshan Niro Building Materials Trading Co. Ltd. from 2015 to 2019.
