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IPC soars on news of Oei Hong Leong bid

Stock hits 3-year high of S$0.20, against S$0.17 offer

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The stock of IPC Corp shot up on Thursday to its highest level of S$0.20 in three years on news of an offer by Singapore billionaire Oei Hong Leong to buy the remaining shares in the property developer that he does not already own.

Singapore

THE stock of IPC Corp shot up on Thursday to its highest level of S$0.20 in three years on news of an offer by Singapore billionaire Oei Hong Leong to buy the remaining shares in the property developer that he does not already own.

The mandatory offer of S$0.17 a share

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