TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Thakral Corporation Ltd ( (SG:AWI) ) has shared an update.
Thakral Corporation Ltd announced that its investee company, The Beauty Tech Group, has successfully priced its IPO on the London Stock Exchange, raising approximately £29 million and achieving a market capitalization of about £300 million. Thakral will divest a portion of its shares for S$13.1 million, which will improve its financial position and liquidity, while retaining a 6.04% stake in The Beauty Tech Group, indicating its commitment to the company’s growth.
More about Thakral Corporation Ltd
Thakral Corporation Ltd, incorporated in Singapore, is a diversified investment company listed on the SGX Mainboard. The company engages in various sectors, including technology and real estate, with a focus on strategic investments that enhance earnings and long-term growth.
Average Trading Volume: 155,707
Technical Sentiment Signal: Buy
Current Market Cap: S$207.1M
Learn more about AWI stock on TipRanks’ Stock Analysis page.