IPC holds preference shares in a company called Nest Hotel Japan Corporation, which manages more than a dozen hotels in Japan.
(SINGAPORE) Jan 23: Japan’s economy is enjoying a broad-based lift from the 2020 Tokyo Olympics to be held later this year.
However, for IPC Corporation, the slowing down in the growth of the hospitality industry in Japan is a reason to write-down fair value of its Japan hospitality business by $11.76 million.
