Raffles Education to invest 5m yuan in China school

A day after announcing a new investment in India, Raffles Education said it will pump in five million yuan (S$1.1 million) into a new school in China. Yesterday, the education group said it has forged a partnership with Langfang Development Zone Oriental University City Zhongxin Education Investment to establish the Oriental Vocational College.

The school will offer diplomas in fashion design, multimedia design, IT and eco-tourism, and expects to accept its first intake of students in September. With the addition of the Oriental Vocational College, the group will now operate three universities and 26 colleges across 10 countries in Asia-Pacific.

Additionally, the investment dollars will be injected into the school over five years. On Monday, Raffles said in a press release that it will invest US$500,000 into a new college in Bangalore, offering advanced diplomas in fashion design, graphic design, and fashion marketing. Educomp Solutions, its partner in that joint venture, will similarly contribute US$500,000 and the Bangalore school is scheduled to accept its first intake in July.

Last month, Raffles was hit by troubles at its associate company Oriental Century, which reportedly inflated sales and cash figures for years. Raffles has a 29.9 per cent stake in Oriental Century and does not rule out taking over the management of the troubled company.

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