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Thakral to sell Hong Kong properties for $74 million, booking $34 mil in net gain

Chan Chao Peh Published on Thu, Aug 24, 2017 / 8:29 PM GMT+8

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SINGAPORE (Aug 24): Thakral Corporation has received an offer of HK$420 million ($74 million) for its Hong Kong warehouses.

The deal, if completed, will allow the company to book a net gain of HK$192 million or $33.9 million.

The completion of the deal will also boost Thakral’s NTA from 74.6 cents per share now, to $1.02. Thakral closed on Aug 24 at 51 cents, up 5.2% before trading was halted ahead of this announcement.

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Thakral to sell Hong Kong properties for $74 million, booking $34 mil in net gain