Thakral owns an effective interest of 31.7% in GemLife. The proposed IPO will involve an offer of stapled securities related to GemLife Communities which are comprised of one fully paid ordinary share in the holding company of the GemLife group and one or more fully paid units in one or more registered schemes by the holding company and the responsible entity of the registered schemes respectively, stapled together to be quoted on the Australian Securities Exchange.
Shares in Thakral Corporation (SGX:AWI
) closed 1 cent lower or 0.671% down at $1.48 on June 13.
