Tuesday, August 7, 2012

IPC Corp jumps after tycoon raises stake

IPC Corp jumps after tycoon raises stake: SINGAPORE, Aug 7 — Shares of IPC Corp Ltd surged as much as 18 per cent after Singapore tycoon Oei Hong Leong, who has a reputation as a value investor, raised his stake in the property developer to 25.39 per cent from 23.10 per cent. "People saw the announcement so they might be jumping in, as they think he sees some potential in the company. Oei ...


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