Thakral Says GemLife IPO Review Ongoing, No Decision Made Yet

MT Newswires

04/08

Thakral (SGX:AWI), which holds a 31.7% interest in Australian over-50s resort developer GemLife, said the company is reviewing strategic options including a potential IPO but has not made any decision, according to a Monday filing on the Singapore Exchange.

The clarification follows a report in The Australian Financial Review that said GemLife was preparing for investor roadshows.

Thakral said the review is being conducted independently of the group, with no certainty any transaction will proceed.

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