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161-180 of 347
acquiring more income paying assets.. looking good
IPC Corporation is acquiring a business hotel in Japan for
¥434m (S$6.4m). The acquisition marks the company's sixth
business hotel in Japan and is expected to begin contributing
positively to the group in December 2012.
Players can take a guided lift, from ozone n hohokit. Just sharing my thot.
ozone2002 ( Date: 06-Aug-2012 11:58) Posted:
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hohokit ( Date: 06-Sep-2012 10:43) Posted:
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IPC sliding down..
now 137
technicals are showing the IPC is going to move up soon..
divergence between prices and technical indicators are indicating this.
gd luck dyodd..
vested more @ 14.5
this really baffles me..
large volumes recently but price rangebound..
accumulation in place?
super top vol
but price no change.....
strange
volume now 5 M done..
something's brewing..
gd luck dyodd
IPC consolidation continues with the Bollinger bands tightening
signalling a squeeze leading to a breakout..
upwards if can break above 154
downwards if break below 147..
gd luck dyodd
hit 154..
can it break out and upwards????
IPC INVESTS IN THE FIFTH BUSINESS HOTEL IN JAPAN 31 Aug 2012
The Board of Directors (the “Directors”) of IPC Corporation Ltd (“IPC” or the “Company”) would
like to announce that the Company has today entered into an agreement to purchase a business
hotel in Kumamoto, Kumamoto Prefecture, Japan. Completion of the purchase and hand-over of
the hotel to the Company is by 30 November 2012. The hotel is currently being operated under
the name of Chisun Hotel Kumamoto (“Kumamoto Hotel”).
The Kumamoto Hotel has 10 storey and 201 guest rooms. The acquisition cost cannot be
disclosed as there is a non-disclosure agreement signed with the seller. The purchase is fully
funded by internal resources of the Company, in particular from part of the net proceeds of the
Rights Issue, which was completed in end July 2012.
The Company has engaged Green Hospitality Management (“GHM”), a fully owned subsidiary of
Green House, to manage the Kumamoto Hotel on management contract basis. GHM currently
operates 11 (eleven) hotels under its management.
Kumamoto City is the 20
biggest business centers in the island with a population of around 734,000. It is also a tourist
attraction, known for its Kumamoto Castle, and a hub for popular tourist destinations such as Mt.
Aso and Amakusa Islands.
The transaction shall have a positive contribution to the Company commencing December 2012.
The purchase is in line with the Company’s strategy to acquire more income producing assets
with the view of having a constant income stream. Including the Kumamoto Hotel, IPC has
purchased a total of 5 (five) business hotels in Japan.
Save for any interests arising by virtue of their interests in the Company, none of the Company’s
Directors has any direct or indirect interest in the transaction. The Directors are not aware of any
substantial shareholder having any interest, direct or indirect, in the transaction, and have not
received any notification of interest in the transaction from any substantial shareholder.
By Order of the Board
IPC Corporation Ltd
Ngiam Mia Hai Bernard
Executive Director
31 August 2012
ozone2002 ( Date: 05-Sep-2012 14:11) Posted:
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consolidating for very very long..
today top vol.. wondering if it's the time now to break out from its consolidation..