<article><a href="http://www.sgx.com/wps/portal/sgxweb/home/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSz9wwzMDTxD_Z2Cg8PCDANdjYEKIoEKDHAARwNC-sP1o8BK8JhQkBthkO6oqAgAzDYPQQ!!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/">Singapore-listed</a> <a href="http://www.thakralcorp.com/">Thakral Corporation</a> (TCL) and its wholly owned subsidiary, Thakral Capital Holdings (TCH), said they companies have reached a deal to acquire 49 per cent in their Australia unit &#8211; Thakral Capital Australia (TCAP) &#8211; from four vendors.</article>

<a href="http://www.sgx.com/wps/portal/sgxweb/home/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSz9wwzMDTxD_Z2Cg8PCDANdjYEKIoEKDHAARwNC-sP1o8BK8JhQkBthkO6oqAgAzDYPQQ!!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/">Singapore-listed</a> <a href="http://www.thakralcorp.com/">Thakral Corporation</a> (TCL) and its wholly owned subsidiary, Thakral Capital Holdings (TCH), said they companies have reached a deal to acquire 49 per cent in their Australia unit &#8211; Thakral Capital Australia (TCAP) &#8211; from four vendors.
At present, Thakral owns 51% of its Australian unit and the vendors own the remaining stake in TCAP.
The deal will see TCH allot and issue an aggregate of 250,000 new ordinary shares at an issue price of S$80.8 per consideration share to the vendors. Currently, Thakral Corporation (TCL) holds 1 share on TCH comprising 100 per cent of the latter’s existing issued and paid-up capital. But for the deal to happen, TCL needs to increase its shareholding in TCH to 749,999.
Post this, the deal will see Thakral Corporation’s shareholding interest in TCH be diluted by up to 25 per cent, based on TCH&#8217;s enlarged share capital.
The company said the acquisition will result in merger of its Australian group with its Singapore entities and said this would provide greater visibility to its shareholders and TCAP’s business.
The TCAP Group plays the role of originator, manager and distributor of real estate investments in Australia and elsewhere. By removing the minority interest of the vendors in the TCAP Group an merging it with the Singapore parent companies, the risk of conflicts and allocation of revenue is removed, the company said.  The merger strengthens the balance sheet of the group’s investment division as a whole and is expected to enhance the value of the merged entity in the future, its filing with the exchange added.
Thakral further said that it was proposing adoption of the Thakral Capital Holdings Employee Share Option Scheme (TCH ESOS).
Thakral&#8217;s share price closed up 9.09 per cent at S$0.024 on Thursday.

Singapore-listed Thakral Corporation (TCL) and its wholly owned subsidiary TCH, said they have reached deal to acquire 49 per cent in their Australia unit,

Thakral Corp to buy remaining 49% in its Australian unit

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Thakral Corp to buy remaining 49% in its Australian unit

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