Brief: Thakral Provides Clarification Announcement On Gemlife In Australian Financial Review Article On 1 May

Thakral

03/05/2022 11:05

May 3 (Reuters) - Thakral Corporation:
    * CLARIFICATION ANNOUNCEMENT ON GEMLIFE IN AUSTRALIAN
FINANCIAL
REVIEW ARTICLE ON 1 MAY 2022
    * GEMLIFE IS IN PRELIMINARY DISCUSSIONS WITH ITS JV PARTNER
ON
POTENTIAL M&A OF THEIR LIVING GEMS BUSINESS
    * REPRESENTATIVES OF THAKRAL CAPITAL IN ADVANCED DISCUSSIONS
TO
FINALISE TERMS OF PROPOSED MERGER OF LIVING GEMS BUSINESS WITH
GEMLIFE
    * CLARIFIES THAT VALUATION OF PROPOSED COMBINED
GEMLIFE‐LIVING
GEMS GROUP HAS NOT YET BEEN FINALISED
    * GEMLIFE SEEKING INTEREST FROM POTENTIAL INVESTORS FOR
TAKING UP
STRATEGIC STAKES IN PROPOSED COMBINED GROUP

Source text for Eikon:  ID:nSNbl1yp7 
Further company coverage:  THAK.SI 

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