Shares in Raffles Education Corp Ltd fell as much as 3.1 percent after the Singapore company lost an appeal to resume its operations in Vietnam.
The company had suspended its operations in Hanoi and Ho Chi Minh since January following a temporary directive from Vietnam's Ministry of Education and Training.
Since then, its discussions with Vietnamese authorities to resume operations were unsuccessful. It said it was looking to transfer more than 400 Vietnam students to its colleges in Singapore, Sydney and Phnom Penh. Full story
