IPCO International Ltd. (SGX:I11) entered into a conditional agreement to acquire the remaining 30% stake in Capri Investments L.L.C. from Neo Kim Hock for SGD 7.6 million on July 23, 2012. IPCO International will pay SGD 3.4 million to offset the loan of Capri and will issue 235.02 million shares as a part of consideration. The consolidated net tangible assets of IPCO will increase from SGD 86.88 million to SGD 91.22 million, shareholding will also increase, earnings after tax and minority interest and earnings per share will decrease. Lake Union Partners Seattle LLC provided the valuation of Capri Investment.

IPCO International Ltd. (SGX:I11) cancelled the acquisition of remaining 30% stake in Capri Investments L.L.C. from Neo Kim Hock on January 14, 2013.