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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
Published Mon, Mar 4, 2019 · 09:50 PM
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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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