5 stories mentioning SGX:AWIUpdated 14d ago
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Thakral's (SGX:AWI) attributable profit to equity holders jumped 109% to SG$3.3 million in the first quarter from SG$1.6 million a year earlier, according to a Wednesday bourse filing.Shares of the property developer were up over 3% in Thursday trading.Revenue climbed 44% year over year to SG$109.5 million from SG$76 million, the filing showed.
Thakral (SGX:AWI) acquired an additional 81.6% stake in India-based TIL Investments for SG$93.9 million, taking its overall stake to 95.3%, according to a Thursday filing with the Singapore Exchange.Shares of the property developer were up nearly 1% in Friday trading.The acquisition was carried out through its unit, Paramount Investments, with part of the consideration settled via a mix of SG$50 million in cash and the issuance of 24.2 million new ordinary shares in the company priced at SG$1.8128 per share, valued at approximately SG$43.9 million.The remaining 4.7% interest in TIL Investments is held by Platinum Healthcare.The increased ownership allows the company full control over the 21-acre site in Gurugram, India.The site will be developed into a hospital and a wellness center over time.
Thakral (SGX:AWI) is expecting to report a net loss during the first quarter of the year, according to a Thursday filing with the Singapore Exchange.Shares of the property developer were down nearly 1% in Friday trading.The company has attributed this to net fair valuation loss on investments in GemLife and The Beauty Tech Group.
Thakral (SGX:AWI) issued SG$70 million worth of 5% fixed rate bonds due 2029 under its SG$150 million multicurrency medium-term bond program, according to a Tuesday filing with the Singapore Exchange.Shares of the property investment firm were down nearly 1% in Wednesday trading.Phillip Securities was the sole bookrunner for the bonds, which are expected to be listed on April 15.
Thakral (SGX:AWI) filed for the listing of SG$70 million worth of 5% bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted in the Bonds Market on April 15, the company added.
