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Thakral Corporation Ltd ( (SG:AWI) ) has shared an update.
Thakral Corporation Ltd has completed the divestment of its Yotsubashi Nakano Building in Osaka, Japan, for JPY5.3 billion, achieving a 13.7% premium over its book value. This strategic move is part of Thakral’s ongoing efforts to unlock value and recycle capital, resulting in a net gain of S$2 million and enhancing the company’s working capital to support future growth opportunities.
More about Thakral Corporation Ltd
Thakral Corporation Ltd, incorporated in Singapore, is listed on the SGX Mainboard and operates in the real estate industry. The company focuses on property investments and asset management, aiming to unlock long-term value and enhance earnings through strategic divestments and capital recycling.
Average Trading Volume: 167,710
Technical Sentiment Signal: Buy
Current Market Cap: S$204.6M
For a thorough assessment of AWI stock, go to TipRanks’ Stock Analysis page.