IPC Corporation Takes Major Step Toward SGX Watch-List Exit with Strategic Disposal of NHJC Preferred Shares

Key Points Investors Must Know from IPC Corporation’s Latest Watch-List Update

• IPC Corporation remains on the SGX Watch-List: The company was placed on the Singapore Exchange (SGX) watch-list for not meeting financial entry criteria since June 2023.
• Major Corporate Action Underway: IPC has entered into an agreement to dispose of all its Preferred Shares in NHJC, a significant move that could impact its financial position and potentially facilitate exit from the watch-list.
• Shareholder Approval Required: The disposal is subject to shareholder approval at an upcoming extraordinary general meeting (EGM). The company is currently preparing the necessary circular for this meeting.
• Continuous Efforts to Exit Watch-List: IPC’s board is actively considering various strategic options to meet SGX’s Rule 1314 financial exit criteria and restore compliance.
• Recent Unaudited Results Available: Shareholders can review IPC’s unaudited financial performance for the first half of 2025, which was released on 28 July 2025.

In-Depth Analysis: What Investors Should Watch

IPC Corporation Ltd, listed on the Singapore Exchange, continues its efforts to exit the SGX watch-list after being placed there under financial entry criteria in June 2023. The latest quarterly update, released by the Board of Directors on 9 October 2025, signals a pivotal phase in IPC’s turnaround strategy.

The most consequential development is IPC’s agreement to dispose of all its Preferred Shares in NHJC. This is a potentially transformative event for IPC’s balance sheet and overall financial health. The transaction’s completion depends on the approval of IPC shareholders at an upcoming extraordinary general meeting (EGM), for which preparatory documentation is underway.

The outcome of this corporate action could be price sensitive and has the potential to move IPC’s share price, given its implications for IPC’s ability to meet SGX’s Rule 1314 financial exit criteria. If successful, the disposal could substantially enhance IPC’s financial metrics and pave the way for an exit from the SGX watch-list, restoring investor confidence and potentially attracting new investments.

In the meantime, IPC’s management reaffirms its commitment to exploring additional strategies and options to achieve compliance and exit the watch-list. Shareholders are advised to monitor developments closely, especially as further updates or the EGM announcement could materially impact the company’s valuation and future prospects.

Investors are also encouraged to review IPC’s unaudited results for the six months ended 30 June 2025, released on 28 July 2025, for a clearer understanding of the company’s current financial position and performance.

What’s Next?

All eyes will be on the upcoming EGM and the finalization of the NHJC Preferred Shares disposal. Any further material developments or additional strategic measures undertaken by IPC to accelerate its exit from the watch-list could significantly influence share price dynamics.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should do their own due diligence and consult their financial advisors before making investment decisions. The information is based on unaudited company disclosures and may be subject to change.

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