tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Thakral Corporation Divests Osaka Property for Strategic Growth

Story Highlights
Thakral Corporation Divests Osaka Property for Strategic Growth

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1