Thakral says that proceeds will be channeled to bolster working capital and support the group’s plan to redeploy funds into opportunities that enhance earnings and drive future growth.
Thakral Corporation has completed the divestment of its commercial building Yotsubashi Nakano Building in Osaka, Japan for 5.3 billion yen ($46 million).
Through the 57% effective ownership that the company has in Thakral Japan Properties (TJP) under which this investment was made, the divestment has unlocked about $6.4 million in cash flow and generated a one-off attributable profit of about $2 million.
