Thakral to refocus its distribution business

THAKRAL Corporation, known for its electronics distribution business and property investments, has unveiled new growth plans across its divisions in the hopes of bringing positive returns to shareholders.

The group will reposition its distribution division over the next three years to focus more on lifestyle and environmental related products, which it expects will bring it "positive results in the coming years".

Asia remains Thakral's focus, and the firm expects growth from rising affluence there, especially in China. Over the next three to four years, the company hopes to cover 300 cities in Asia, from its current 120.