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Thakral funds Osaka property investment with 1.54b yen JV share issue

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THAKRAL Corporation’s joint venture has increased its share capital by some 1.54 billion yen to 1.6 billion yen to finance its stake purchase in an office building in Japan.

All proceeds from the share issue were used for the investment, Thakral Corp said on Monday night. The JV, Thakral Umeda Properties , issued and allotted an additional 15.4 million shares at 100 yen apiece.invested an undisclosed amount to take an undisclosed stakeThe amounts received from Thakral Corp and other investors for the TUP share issue were proportionate to their existing shareholdings in the JV.

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