SINGAPORE: The board of directors of Thakral Corporation are seeking shareholder approval to re-position the company's principal business from consumer electronics distribution to real estate and related infrastructure investment in the Pan Asian region, which includes Australia and New Zealand.

Thakral said its new business is expected to offer attractive returns to shareholders in the foreseeable future.

It added that it plans to divest those assets which will no longer form part of the core activity of the company, including listed securities that it currently holds.


- CNA/so