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Oei Hong Leong withdraws acceptance for his IPC shares
Asia-Pacific Strategic Investments board to seek advice on about-turn
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Annabeth Leow
Published Fri, Mar 2, 2018 · 09:50 PM
Singapore
TYCOON Oei Hong Leong has pulled out of a deal for his shares in mainboard-listed IPC Corporation, the company confirmed on Friday.
Asia-Pacific Strategic Investments, the offeror, had said the previous day that Mr Oei sent a letter withdrawing his acceptance of an offer for a 32.96 per cent stake in real estate group IPC.
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