The initial public offering (IPO) is seen as a potential channel to unlock the value of GemLife for its stakeholders, which include Thakral.
GemLife, a 31.7%-owned associate of Mainboard-listed Thakral Corporation (SGX:AWI
) , is considering listing stapled securities related to the GemLife Communities on the Australian Securities Exchange.
GemLife Communities refer to the land lease communities GemLife owns for over 50-year-olds in Australia.
