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Thakral family entity makes partial offer to increase stake

Offeror PTE says it has no intention to fully acquire Thakral, delist it, or introduce any major changes to the business

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Published Mon, Mar 4, 2019 · 09:50 PM

Singapore

THAKRAL Corporation on Monday said that Thakral family entity Prime Trade Enterprises (PTE) plans to make a voluntary conditional cash partial offer to buy 26.5 million shares in the lifestyle cum investment holding firm at S$0.50 per share.

The offeror is an investment holding company owned by members of the Thakral family that, through various holding entities, currently controls about 29.94 per cent of Thakral.

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