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Thakral Corporation Ltd ( (SG:AWI) ) has provided an update.
Thakral Corporation Ltd announced that its investee company, GemLife Communities Group, has successfully debuted on the Australian Securities Exchange (ASX). GemLife’s securities saw a price increase of 4.1% to A$4.33, with a market capitalization of A$1.65 billion. The IPO raised A$750 million, marking it as Australia’s largest IPO of the year. The funds will be used to acquire the Aliria Group portfolio, expanding GemLife’s housing pipeline and strengthening its financial position.
More about Thakral Corporation Ltd
Thakral Corporation Ltd is a Singapore-based company that invests in various sectors, including lifestyle resorts in Australia. The company holds a significant stake in GemLife Communities Group, which operates over-50s lifestyle resorts in Australia.
Average Trading Volume: 205,529
Technical Sentiment Signal: Buy
Current Market Cap: S$185.4M
Learn more about AWI stock on TipRanks’ Stock Analysis page.