Thakral Corp sets up JV to invest in Japan properties
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Thu, Dec 05, 2019 - 9:39 AM UPDATED Thu, Dec 05, 2019 - 9:58 AM
MAINBOARD-LISTED Thakral Corporation has set up a joint venture (JV) to invest in properties in Japan.
The company on Wednesday night said it has incorporated new subsidiaries Thakral Umeda Properties (TUP), and Nihon Property Investments (NPI) in preparation for further investments in Japan together with other investors.
Thakral Corp and its subsidiaries have collective direct shareholdings of about 79.1 per cent in TUP.
TUP is a pooled investment JV through which the group, certain entities controlled by the Thakral family, and some third-party investors, will invest in structures being established in Japan (TMK Japan), the company said.
The business of TMK Japan is t ...