Disappointment descends on IPC, Raffles Education

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(Nov 27): The big splash that Oei Hong Leong made in the market two months ago lifted shares in IPC Corp and Raffles Education Corp sharply. But investors who attempted to ride the wave might now be underwater.

A one-time seller of PCs that later ventured into property development, IPC said on Sept 18 that it would sell a hotel in Zhuhai for RMB200 million (S$40.98 million) in cash and acquire a 51% stake in a Chinese company involved in artificial intelligence (AI) for S$5.1 million in...(click on link for full story on theedgesingapore.com)