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Published Thu, Dec 17, 2015 · 09:50 PM

IPC Corp

IPC Corp plans to pay out S$1.60 per share as part of a capital reduction exercise after the company completed the 14.9 billion yen (S$172.2 million) sale of seven hotels in Japan. The hotels' sale was completed on Thursday, said IPC, a property investment and development company. Net proceeds from the disposal will be used to fund the capital reduction payouts.

The proposed payout will represent a total payment of S$136.47 million.

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