SINGAPORE (May 21): Thakral Corporation on Monday announced the proposed acquisition of an office unit at The Riverwalk in Singapore for a total consideration of $30 million.

The proposed acquisition, which is an interested person transaction subject to approval by shareholders, will be made via a put and call option agreement signed between Thakral Corp and Thakral Investment Holdings.

The total $30 million figure comprises a $9 million net sum for the entire shareholding of Thakral Realty (S), or TRSPL, which owns The Riverwalk office unit, as well as TRSPL’s current outstanding loan of S$21 million.

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