Oei Hong Leong sells entire IPC stake
Tycoon reaps S$11.2m for his 32.96% stake in the mainboard-listed firm; IPC chairman Patrick Ngiam and family now control 29.3% of IPC
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Singapore
TYCOON Oei Hong Leong has sold his entire 32.96 per cent stake in mainboard-listed IPC Corporation through married deals on Tuesday, for a total of S$11.2 million, or an average of 40 Singapore cents per share.
Picking up some of his shares were IPC chairman and chief executive Patrick Ngiam and his family. Patrick Ngiam's direct stake rose from 1.25 per cent to 5.06 per cent. His wife Lauw Hui Kian's direct stake rose from 1.36 per cent to 4.29 per cent.
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