Web Summary
Q1: Where is IPC Corporation Ltd incorporated?
A1: IPC Corporation Ltd was incorporated in Singapore on 8 May 1985.
Q2: What is the stock code of IPC Corporation Ltd listed on the Mainboard of the SGX-ST?
A2: The stock code of IPC Corporation Ltd listed on the Mainboard of the SGX-ST is AZA.
Q3: What are the main businesses of IPC Corporation Ltd and its subsidiaries?
A3: The main businesses of IPC Corporation Ltd and its subsidiaries include property investment and development as well as investment holding.
Q4: What notable development projects has the Group developed in China and Japan?
A4: The Group's notable development projects include Costa del Sol (www.costadelsol.com.cn) in Zhuhai, China, a residential cum commercial and hotel project with a total gross build-up area of more than 170,000 square meters, and various residential condo projects in locations such as Tsukuba, Tsuchiura, Uraga, Tsukimino, Oppama, and Oiso in Japan.
Q5: What is the Group's business model after divesting its hotels in Japan in 2015?
A5: After divesting its hotels in Japan in 2015, IPC has transformed its business model into an asset-light hotel management business, although it still owns a 217 room Grand nest HOTEL zhuhai in China.
Q6: What is the Group's experience and expertise in hotel management?
A6: The Group has extensive experience in hotel management with a proven track record of optimized returns, and is well-positioned to offer consultancy and advisory services with comprehensive feasibility studies and design for owners of existing hotels embarking on renewal or new hotels development.
Q7: How many hotels does the Group manage under its brands "nest", "Bespoke", and "Tissage"?
A7: The Group has a portfolio of 17 hotels in Japan under its management under the “ nest ”, “ Bespoke ” and “ Tissage ” brands which are collectively owned by the Group.
Q8: Where will the Group expand its hotel management business?
A8: The Group will further expand its hotel management business in Japan as well as into other Asia-Pacific markets.