Brief: IPC Corporation enters agreement with Xinyuan (China) Real Estate Co

IPC

18/09/2017 14:49

Sept 18 (Reuters) - Ipc Corporation Ltd  IPCC.SI  
    * entered into a non-binding heads of agreement with 
xinyuan (china) real estate co 
    * Consideration for proposed acquisition will be through 
issue of new shares  of co at issue price of s$0.40 each 
    * Agreement for proposed acquisition by company of 51% 
equity interest in beijing ijourney technology development for  
$5.1 million 
 
Source text for Eikon:  ID:nSN2N6Zkh  
Further company coverage:  IPCC.SI  
 
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