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341-347 of 347
both vol and price start to move ...
IPC new venture - develop 1.4m sq m of Commercial & Residential Units in Yantai City, China over the next 5 years. Not very good news?
http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/755f8ad26f1e6b9248257315000f6f53?OpenDocument
Could be something great coming, anyone know? HALTED tomorrow (Wed. 9am) - "pending the release of a material announcment'.
http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/58f3c0fdf543e1724825731400204d59?OpenDocument
Hi Anthony,
Managed to trace Oei's last purchase around mid-July 2005. His holdings was held via Chip Lian Investment (now renamed to Oei Hong Leong Foundation), increasing from 10.13% to 12.03% via open market purchase. The price range then was between 15c to 18.5c. I could not trace the price of his earlier 10.13% but reckon it could have cost more as IPC had traded to a high of $2 at one stage before share consoldiation of 4 to 1 in Dec 2004 following the internet bubble bust. The bottomline is this - at 22c today it's still a steal vis-a-vis its NTA of 27c & with Oei as a substantial shareholder (my personal opinion).
http://info.sgx.com/webcorannc.nsf/b3469fa5b4bf169a482571b200467822/482571ae0031e2804825703f003a047b?OpenDocument
tuntan8888 - any idea Oei Hong Leong paid per share. Must be very very cheap.Add up to his billion again.Good luck
Within just 2 days, hit new high 22c (up from 17.5c), on 30+ million shares traded. Is it Oei Hong Leong buying, after disposing Supermix Coffee at a substantial profit. Still value at this price (22c).
IPC is a super laggard. Though it lost about 3m in FY06 (due to lower sales of properties in Zuhai, China), IPC is on the lookout for new ventures to enhance shareholders' value - yet to be announced. NTA = 27.07c, trading at substantial discounts @ 17.5c (3 Jul close). Moreover, IPC is owned 12.02 % by Oei Hong Leong. This guy got midas touch. A very safe bet!