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IPC shares lower after preliminary agreements with Chinese firm lapse

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Published Mon, Nov 20, 2017 · 09:50 PM

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Slight dip

Singapore

SHARES of IPC Corporation were down as much as 6.7 per cent following a lapse in preliminary agreements to finalise terms to acquire a robot maker and to sell a hotel.

Before the market opened on Monday, IPC announced in a Singapore Exchange filing that two non-binding heads of agreement (HOA) with Xinyuan (China) Real Estate Co Ltd fell through.

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