IPC Corporation

(11-09-2018, 07:20 PM)Vseeker Wrote: Oei H. L. sold off his 32.96% stake !!

all 28.111m shrs sold for $11.245m ( @ 40c pShr )

12m shrs were bought by the NGIAMs

Any idea what was his purchase price for this stake...

(12-09-2018, 10:01 AM)sgmystique Wrote:

(11-09-2018, 07:20 PM)Vseeker Wrote: Oei H. L. sold off his 32.96% stake !!

all 28.111m shrs sold for $11.245m ( @ 40c pShr )

12m shrs were bought by the NGIAMs

Any idea what was his purchase price for this stake...

dun have exact ans to your Q.
only know this two
1) he bot 53m shrs @9c in May2005
2) also pickup 66m @8c in 2012's RTs Iss
...above equiv to 11.8m shrs @ cost of apprix $0.85 each....exiting at $2 each (Adjusted for ShrConso+$1.60 CAR).

Believ rest of the shrs acq betwn 8c - 17c (b4 10-into-1 shr Conso)

More interesting Q:
why Oei selling now and happy with 40c ?
vs IPC's 93c Nav pShr
 + recent Proposed disposal of hotel assets in ZhuHai

IPC CORP: Reports $25 m profit for 2018, boosted by value of Japan hotel management biz

Written by The NextInsight Team
Published: 30 January 2019

IPC Corporation has reported aftertax profit of S$24.968 million for 2018 compared to losses of S$4.768 million for 2017.

IPC said the sharp improvement was due mainly to a fair value gain in its preference shares investment in Nest Hotel Japan Corporation (“NHJC”).

The jump in fair value gain arose from the adoption of an accounting rule, SFRS(I) 9, on 1 January 2018.

IPC owns preference shares in NHJC which was incorporated in 2013 in Japan, and currently manages 12 hotels in Japan, under the “nest”,” Bespoke” and “Tissage” brands.

IPC reported revenue of S$9.0 million, gross profit of S$0.678 million -- and other gains of S$29.893 million in 2018.

The operational performance of NHJC was not consolidated into IPC's profit and loss statement.

More details in https://nextinsight.net/story-archive-ma...t-business

Update on the Measures Undertaken on Grand Nest Hotel Zhuhai, China in Relation to the Novel Coronavirus

The Board of Directors  of IPC Corporation Ltd has provided an update on the measures undertaken on its Grand nest HOTEL Zhuhai, China.

The outbreak of the novel coronavirus has significantly affected the business operations of the Hotel. The local government has issued directives not to permit mass gatherings and MICE activities. Coupled with the safety of the Hotel’s employees & their families in mind, the Group has suspended the business operations of the Hotel and its conference facilities from 7 February to 29 February 2020 until further review. During this period, efforts will be spent to disinfect the entire Hotel and its facilities.