Thakral says that it intends to subscribe to additional stapled securities via the IPO, leading to a cumulative 16.8% stake post-listing. These will be at a price of A$4.16 per stapled securities, for an additional 600,962 securities.
The successful listing of GemLife Communities Group on the Australian Securities Exchange (ASX) in July will result in Thakral Corporation (SGX:AWI
) ’s FY2024 pro forma earnings per share (EPS) increasing five fold, according to a release dated June 17.
GemLife, a lifestyle resorts business owner which Thakral owns a 31.7% effective interest in, raised A$750 million ($627.86 million) in its IPO, the country's biggest listing this year. The post money valuation of the IPO is A$1.58 billion, fully underwritten by J.P. Morgan and Morgan Stanley.
