Hot stock: Thakral shares soar on big sale of warehouse properties in Hong Kong
Add BT as a preferred source
Anita Gabriel
SHARES of Thakral Corp has jumped 7.5 Singapore cents or nearly 15 per cent to 58.5 Singapore cents as at 10.55 am on news that it has accepted a successful bid of HK$420 million (S$74.07 million) for its warehouse properties in Hong Kong.
Trading in the counter was halted on Thursday pending the announcement and resumed on Friday.
The bid by Good Hour International was received at the close of the public tender on Thursday and represented a significant premium of HK$205 million above the net book value of the properties, said Thakral.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
