Thakral Corporation Ltd has announced that ICH Synergrowth Fund and Lion Global Investors have acquired a S$4.26m stake the company. The acquisition, made through the sale of 2,367,500 treasury shares at S$1.80 per share, represents a 1.89% shareholding in Thakral. This transaction introduces institutional investors to Thakral’s shareholder base, marking a significant milestone in the Group’s capital markets journey.
The investment reflects institutional confidence in Thakral’s long-term growth strategy across its Lifestyle and Investment segments. Lion Global Investors, an MAS-appointed fund manager under the Equity Market Development Programme, and ICH Synergrowth Fund have shown their support for Thakral’s strategic direction. The proceeds from this transaction will be used for working capital purposes, advancing growth initiatives in Thakral’s key business areas.
Vincent Toe, Partner at ICH, highlighted the potential in Singapore’s small and mid-cap segment, stating, “Thakral has built a strong operating track record and continues to execute on its growth strategy across its key businesses.” Inderbethal Singh Thakral, CEO of Thakral, expressed optimism about the new partnership, saying, “Their confidence reinforces the strength of our fundamentals and the opportunities ahead.”
Thakral Corporation, listed on the SGX Mainboard since 1995, has a diverse investment portfolio spanning Australia, Japan, and Singapore. The Group is involved in lifestyle resorts, commercial buildings, and the distribution of leading brands and technology products across Asia.
