SINGAPORE (June 12): Raffles Education Corporation announced Tuesday that indirect wholly-owned subsidiary Hefei Lanjing Science & Trade Co. has agreed to acquire six individual units within a commercial building in Suzhou, China for a total sum of RMB 6.6 million ($1.4 million).

Located in Block 5 No. 203 Tayuan Road, the six units have a combined gross floor area (GFA) of approximately 553.91 sq m, with their leasehold tenure due to expire at the end of 2066.

Raffles Education says the proposed acquisition represents an opportunity for the company to expand its private education business in Suzhou.

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