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Temasek $2 Billion Subsidiary Heliconia Capital Chairman Takes Leave, Among 5 Directors of Raffles Education Arrested for SFA Investigation
26th February 2022 | Singapore
Temasek $2 billion subsidiary Heliconia Capital Chairman Lim How Teck has taken a leave of absence, following his arrest and bail alongside 5 directors of Raffles Education Corp for possible breach of the Securities Futures Act.Lim Hock Teck is the lead independent non-executive director of Raffles Education, and among 5 directors of Raffles Education notified to attend the Commercial Affairs Department (CAD) of the Singapore Police Force for their formal arrest.Among the 5 directors include Raffles Education Chairman & CEO Che Hua Seng, independent directors Lim How Teck, Joseph He Jun, Ng Kwan Meng and Doris Chung Gim Gim Lian (Raffles K12 & Raffles Iskandar).The investigation is related to claims by Malaysia Affin Bank on disclosures of subsidiaries of the company.None of the directors were charged and all had been released on bail.Heliconia Capital board member Koh Poh Guan will be the acting Chairman for Heliconia Capital during Lim Hock Teck leave of absence. Heliconia Capital Management is an investment firm with more than $2 billion of investments, focuses on growth-oriented companies.
“ Temasek $2 Billion Subsidiary Heliconia Capital Chairman Takes Leave, Among 5 Directors of Raffles Education Arrested for SFA Act Investigation “
Lim How Teck is currently the Chairman of Redwood International Pte Ltd (an investment & consultancy company). He is also the Chairman of ARA LOGOS Logistics Trust and a Board Director on a number of listed and private companies.
He has an in-depth knowledge of the shipping industry, having been with the NOL Group from 1979 to 2005 where he held various positions such as Executive Director, Group CFO, Group COO and Group Deputy CEO.
Koh Poh Guan, Acting Chairman Heliconia Capital
A banker for more than 34 years, Koh Poh Guan has extensive experience in SME and large Corporate banking across the full spectrum of industries and businesses in Singapore and the region.He is currently an executive director of United Overseas Bank and a board member of UOB Nominees (2006) Pte Ltd.
Since establishing its first college in Singapore in 1990, RafflesEducation has grown to provide a full spectrum of education services through a vast network of 18 colleges and universities across 10 countries in Asia Pacific and Europe: Cambodia, India, Indonesia, Italy, Malaysia, Mongolia, Saudi Arabia, Singapore, Thailand and the People’s Republic of China.More than 18,784 students enrolled in RafflesEducation’s programmes benefit from a quality education that provides graduates with a well-rounded hands-on experience that is relevant to the industry.The Group through its Hong Kong Stock Exchange listed subsidiary, Oriental University City (H.K.) Ltd., leases education facilities to 12 vocational and technical colleges offering a wide variety of vocational and technical courses catering to a student population of 16,000.
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