The latest announcement is out from Thakral Corporation Ltd ( (SG:AWI) ).
Thakral Corporation Ltd has clarified its position regarding a news article about GemLife, in which it holds a 31.7% interest. The company announced that GemLife is exploring strategic options, including a potential IPO, but no decision has been made. Thakral emphasized that the strategic review is conducted independently of its operations, except for its representation on GemLife’s board. Shareholders are advised to exercise caution and await further announcements regarding any material developments.
More about Thakral Corporation Ltd
Thakral Corporation Ltd, incorporated in Singapore, is involved in the lifestyle resorts industry through its significant stake in GemLife, an Australian business focused on over-50s lifestyle resorts.
YTD Price Performance: 18.80%
Average Trading Volume: 49,610
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$101M
For an in-depth examination of AWI stock, go to TipRanks’ Stock Analysis page.