Thakral    Last:0.8   -

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And one lot costs only $80 nia... haha

 

Going to return $50.00 per lot.

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AACA24D03F8E2BEA482576A90023442E/$file/ThakralCorp_Circular_CapRedn_20100113.pdf?openelement

 

The capital reduction exercise will be carried out. Read for yourself!

 

 

Unlikely to have RTO - Reverse Takeover as long as the old man is around. Twin growth engines - real estate and distribution. 

RE-DESIGNATIONS TO MANAGING DIRECTOR, REAL ESTATE & CORPORATE &

MANAGING DIRECTOR, DISTRIBUTION BUSINESS

The Board of Directors of Thakral Corporation Ltd (“the Company”) is pleased to announce that:

(i) Mr Jaginder Singh Pasricha has been re-designated as Managing Director, Real Estate &

Corporate of the Company by majority Board approval. Prior to his re-designation, Mr

Pasricha was a Non-Executive Director of the Company as well as a full-time consultant

to the Company; and

(ii) Mr Inderbethal Singh Thakral (“Mr Bethal”) has been re-designated as Managing

Director, Distribution Business of the Group. Prior to his re-designation, Mr Bethal was

Executive Director, Distribution Business of the Group. Mr Pasricha was a barrister and solicitor of the Supreme Court of Victoria since 1979. He had conducted a boutique law firm specialising in commercial and corporate matters prior to joining

Babcock & Brown to lead the investment bank’s real estate operations in India. Mr Pasricha has

extensive experience in real estate transactions, corporate structuring, tax planning, mergers and

acquisitions, company listing, international cross border transactions, debt restructuring, joint

ventures and negotiating complex transactions, acting for a select corporate clientele in Australia

and Asia. He is a graduate of King’s College London University where he also read his masters

at law. In his role as Managing Director, Real Estate & Corporate, Mr Pasricha will be responsible for

leading the real estate operations and dealing with corporate exercises of the Group, including

developing and implementing real estate business strategies, corporate compliance,

communications and investor relations.

Mr Bethal has extensive experience in the electronics distribution business and headed the

Group’s operations in Hong Kong and China from 1984 to 2006. Since his return to an executive

role in the conduct of the Distribution Business in December 2008, the Group has posted profits

in each quarter for which the results of the Group have been announced for the 2009 financial

year. Both Mr Pasricha and Mr Bethal will report to Mr Kartar Singh Thakral, Executive Chairman of

the Group. The Board takes pleasure in welcoming Mr Pasricha as Managing Director, Real Estate &

Corporate of the Company and of Mr Bethal as Managing Director, Distribution Business, and is

confident that each of them will provide effective leadership to lead the Group in their respective

designated areas of responsibilities. The Company notes that it expects to distribute the notice of extraordinary general meeting and

circular for the proposed capital reduction as announced on 1 December 2009 shortly.

By Order of the Board

Kartar Singh Thakral

Chairman

6 January 2010

Singapore

 

Hi, Sorry for my ignorance, what's the meaning of RTO?

 

The cash to be paid is factored into current price.

After payouts, price will fall. But that is when THAKRAL becomes a good choice for RTO.

Cheers.

Good luck.

 

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