SINGAPORE – An ongoing feud between Raffles Education Corp’s (REC) chairman and chief executive Chew Hua Seng and the company’s substantial shareholder, billionaire Oei Hong Leong, continued to unfold over the weekend.
In a Saturday (Oct 23) letter addressed to Mr Oei and copied to The Straits Times, REC said the billionaire’s attempts in a Friday letter to justify assertions that Mr Chew led REC to hire his family members at high salaries had “simply no basis”.
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