09-05-2018, 05:53 PM
Proposed Divestment of the Group's Assets in Zhuhai
IPC Corporation Ltd announced that the Group intends to explore its options with respect to the proposed divestment of its hotel property and assets in Zhuhai in the People’s Republic of China ("Proposed Divestment").
In the event that the Proposed Divestment is completed, the Board will consider distributing the net sales proceeds (or a significant part thereof) to the Shareholders. In addition to the foregoing, the Board may also concurrently explore other investment opportunities that may provide additional revenue streams to the Group, to enhance the Group’s operating performance.
As at the date of this announcement, no agreement or arrangement has been entered into, and no buyer has been identified, in connection with the Proposed Divestment. The Company will make further announcements as and when there are material developments in respect of the Proposed Divestment.
IPC Corporation Ltd announced that the Group intends to explore its options with respect to the proposed divestment of its hotel property and assets in Zhuhai in the People’s Republic of China ("Proposed Divestment").
In the event that the Proposed Divestment is completed, the Board will consider distributing the net sales proceeds (or a significant part thereof) to the Shareholders. In addition to the foregoing, the Board may also concurrently explore other investment opportunities that may provide additional revenue streams to the Group, to enhance the Group’s operating performance.
As at the date of this announcement, no agreement or arrangement has been entered into, and no buyer has been identified, in connection with the Proposed Divestment. The Company will make further announcements as and when there are material developments in respect of the Proposed Divestment.
Specuvestor: Asset - Business - Structure.