Brief: IPC Corporation announces disposal of seven hotels in Japan
06/11/2015 08:24
Nov 6 (Reuters) - IPC Corporation Ltd IPCC.SI : * Proposed disposal of seven hotels in Japan * Says proposed disposal of seven hotels in Japan * Aggregate sale consideration of JPY14.94 billion * Says proposed disposal is expected to result in a 1 net gain of approximately JPY2.70 billion * Intends to distribute net proceeds from proposed disposal to shareholders by way of a capital reduction exercise * Company has entered into a sale and purchase agreement with Gk Nishi Nihon Holdings and Gk Shinsaibashi Jisho * Source text for Eikon ID:nSNZ42S6kQ ((For more news, please click here IPCC.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
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