Milestones
1972

Thakral Brothers Limited is incorporated in Osaka, Japan to facilitate the purchasing of textiles in Japan.

1973

Thakral Hong Kong is established to export textiles from Hong Kong to the PRC.

1975

Thakral Brothers Limited also becomes the purchasing office for consumer electronics products in Japan.

1982

Thakral Hong Kong's consumer electronics division is formed for the purpose of distributing products such as VCRs, televisions & calculators for brand names such as Panasonic, Sony and Casio, to customers in Hong Kong and the PRC.

1986

First representative office is set up in Guangzhou, PRC.

1988

A representative office is set up in Beijing, PRC.

1990

Thakral Corporation (HK) Limited is incorporated and it takes over Thakral Hong Kong's business in 1993.

1991

A representative office is set up in Hangzhou, PRC.

1992

The Group diversifies into manufacturing and sale of consumer
electronic products in the PRC through the establishment of
Shanghai Thakral.

1993

The Group establishes a representative office in Shanghai, PRC.

Thakral Corporation Singapore Pte Ltd is incorporated in Singapore and Mr Kartar Singh Thakral is appointed as its Executive Director.

A joint venture, Chengdu Thakral Electronics Industrial Corpn. Ltd, is incorporated to engage in the manufacture and sale of television sets under the Thakral brand name.

1994

Thakral Corporation Singapore Pte Ltd is converted to a public company and the name is changed to Thakral Corporation Singapore Limited in August. Subsequently, it undergoes a further name change to Thakral Corporation Ltd ("the Company") in November.

Mr Inderbethal Singh Thakral is appointed as Executive Director of the Company.

A representative office is set up in Chengdu, PRC.

1995

A joint-venture, Wujiang Dafa Real Estate Development Co. Ltd., is formed for property development and management services in Wujiang, PRC.

A subsidiary, Shanghai Detian Electronics Trading Co. Ltd, is formed in Shanghai for the wholesaling and trading of consumer electronics products.

Thakral (Chengdu) Industry & Technology Co. Ltd, a R&D centre, is set up in Chengdu for research into audio and video technologies.

Mr Kartar Singh Thakral is appointed as the Chairman of the Board.

Mr Natarajan Subramaniam and Mr Lee Ying Cheun are appointed as Non-Executive Directors of the Company.

Mr Jasvinder Singh Thakral is appointed as Executive Director of the Company.

The Company is listed on the Mainboard of the Singapore Stock Exchange in the biggest listing of the year in Singapore, resulting in a market capitalization of over US$400 million (at the initial offer price).

1996

Chengdu Thakral Electronics Industrial Corpn. Ltd opens a new four-storey factory and commences production of colour television sets in Chengdu, PRC under the Thakral brand.

The Company acquires a 19.5% equity stake in Gateway Distriparks Limited ("GDL") and subsequently increases its equity stake to 24.5%. GDL is a joint venture company set up to provide port related logistics support services in India including operation of container freight stations, container transportation and general and bonded warehousing.

The Company acquires a 25% stake in First Capital Property Ventures Pte Ltd ("FCPV"). FCPV has a 40% stake in Gurgaon Technology Park Limited, a joint venture company set up to develop a technology park in Gurgaon, Haryana State, India.

The Company makes a bonus issue of 53,181,514 of new ordinary shares.

The Company, together with Thakral Holdings Limited, acquires a 50% stake in HY Hotels Units Trust (subsequently renamed to Pacific Century Hotels Unit Trust) and HY Hotels Pty Limited (subsequently renamed to Pacific Century Hotels Pty Limited), for the purpose of purchasing Westend Hotel and Crown Street Hotel in Sydney, Australia.

The Company is granted Operational Headquarters status by the Singapore Economic Development Board with effect from 1 April 1996 for a period of 5 years.

The Company acquires Hilton on the Park Hotel in Melbourne through its 50% jointly controlled trust with Thakral Holdings Ltd.

1997

Mr Sanjib Sengupta is appointed as the Group Internal Auditor.

The Company increases its shareholding in its associated company, Wujiang Dafa Real Estate Development Co Ltd, to 45%.

1998

The Company acquires a new Hong Kong incorporated subsidiary for the purpose of distributing home entertainment software such as VCDs, DVDs and CD-ROMs, and changes the subsidiary's name to Thakral Home Entertainment Limited.

A new subsidiary is established in Guangzhou for the purpose of research and development into all kinds of consumer electronics products such as optical disc players and personal computers, as well as to manufacture and sell related parts.

The Company and LSI Logic Corporation form a strategic alliance to co-develop the first Digital Video Disk (DVD) player manufacturing kit specifically optimized for the requirements of the Chinese consumer market.

The Company converts its listing currency from USD to SGD and begins trading its shares in SGD on 1 December 1998.

The Company receives trustee stock status from the Central Provident Fund Board Singapore effective 1 December 1998.

The Company increases its effective stake in Wujiang Dafa Real Estate Development Co Ltd from 45% to 55%, making it a subsidiary.

1999

Mr Victor Loh and Mr Heng Chiang Meng are appointed as Non-Executive Directors of the Company.

2000

The Company divests its stake in Pacific Century Hotels Unit Trust.

Mr Natarajan Subramaniam is appointed as the Vice-Chairman of the Board.

2002

The Company implements a capital reduction exercise to eliminate its unaudited accumulated losses.

2003

A wholly-owned subsidiary, Digital Info Technology Pte. Ltd., is incorporated in Singapore for the purpose of business development and marketing of digital video recorder cards and innovative digital lifestyle products.

2004

The Company establishes a new joint-venture subsidiary, Shanghai Tetronics Co Ltd. The principal activity is in Electronic Manufacturing Services.

Mr Anil Moolchand Daryanani is appointed as the Group Financial Controller.

2005

The Company enters into a subscription agreement in February 2005 with China Yuchai International Limited ("CYI"), a subsidiary of Hong Leong Asia Ltd, whereby CYI agrees to subscribe for 264,000,000 new capital of the Company, representing approximately 14.99% of the Company's resultant enlarged issue share capital. These are allotted in March 2005 to Venture Delta Limited, a wholly-owned subsidiary of CYI. Consequently, Hong Leong nominees, Messrs Wong Hong Ren, Teo Tong Kooi and Neo Teck Pheng, are appointed as Non-Executive Directors of the Company. Mr Ting Sii Tien @ Yao Sik Tien is appointed as Alternate Director to Mr Teo Tong Kooi.

The Group shifts its operational headquarters in August to Shanghai from Hong Kong in order to be closer to its biggest market.

The Company's subsidiary, Shanghai Detian Electronics Trading Co., Ltd, and Panasonic Corporation of China, sign a contract to distribute digital still cameras, digital video cameras and other associated products in China.

Gateway Distriparks Limited, a long term investment of the Group, is successfully listed on the Stock Exchange in Mumbai, India and the National Stock Exchange of India Limited on 31 March 2005.

The Company increases its stake in the capital of First Capital Property Ventures Pte Ltd from 25% to 32.5%.

2006

The Company was ranked amongst the Top 50 in the Singapore International 100 ranking and the Top 10 in China in January. The Singapore International 100 ranking was organized by IE Singapore.

The Company's wholly-owned subsidiary, Thakral China Ltd, is awarded Multinational Company Regional Headquarters status by the Shanghai Municipal People's government.

The Company launches Rights Issues of Rights Shares and Convertible Bonds in February 2006, whereby 146,843,551 rights shares and 70,484,904 convertible bonds are issued in the same month, raising gross proceeds of about S$68 million.

Mr Ravi Sreen resigned as the Chief Financial Officer of the Company.

Mr Sherman Kwek is appointed as the Chief Operating Officer of the Company.

In August 2006, DBS Bank Ltd, acting for and on behalf of Venture Delta Limited ("VDL"), launches a mandatory conditional cash offer to acquire all the shares and convertible bonds not already owned, controlled, or agreed to be acquired by VDL or its Concert Parties. The mandatory conditional cash offer lapses on 20 October 2006

The Company changes its financial year end from 31 March to 31 December.

The Company establishes Chengdu Dewei Infotech Co. Ltd. as a wholly-owned subsidiary to engage in software technology consultancy and development.

2007

Babcock & Brown, a global investment and advisory firm listed on the ASX, takes a substantial shareholding of 9.5% in the Company.

Babcock & Brown nominee Mr Andrew James Schwartz is appointed as a Non-Executive Director of the Company, and Mr Eytan Uliel is appointed as an Alternate Director to Mr Schwartz.

Mr Sanjib Sengupta is appointed as the Chief Financial Officer of the Company.

Mr Lau Keng Fai, Patrick is appointed as the Group Internal Auditor of the Company.

On 30 November 2007, the Company redeemed all its convertible bonds outstanding as at that date, ahead of the original due date in February 2009. The aggregate principal amount of Bonds redeemed and cancelled by the Company was about S$426,000 and the total redemption amount (inclusive of interest) paid in respect of such Bonds was about S$429,000.

2008

Mr Victor Loh and Mr Wong Hong Ren retired at the conclusion of the Company's 15th Annual General Meeting.

Mr Ting Sii Tien @ Yao Sik Tien is appointed as a Non-Executive Director of the Company, and Mr Hoh Weng Ming is appointed as an Alternate Director to Mr Teo Tong Kooi. Mr Neo Teck Pheng resigned as a Non-Executive Director.

In May 2008, the Company announced that it will seek shareholder approval to reposition its principal business from consumer electronics distribution to real estate and related infrastructure investment in the Pan Asian region (including Australia and New Zealand).

Mr Sherman Kwek resigned as Chief Operating Officer of the Company.

Mr Jaginder Singh Pasricha is appointed as a Non-Executive Director of the Company in place of Mr Andrew James Schwartz who resigned. Mr Eytan Michael Uliel ceased to be an Alternate Director.

Mr Inderbethal Singh Thakral is re-designated as the Executive Director, Distribution Business of the Group on 1 December 2008.

2009

Mr Ting Sii Tien @ Yao Sik Tien is appointed as a member of the Compensation Committee of the Company. Mr Teo Tong Kooi is appointed as an alternate to Mr Ting on the Compensation Committee and therefore ceased to be a Compensation Committee member.

Mr Heng Chiang Meng retired at the conclusion of the Company's 16th Annual General Meeting.

Mr Pratap Chinnan Nambiar is appointed as an Independent Director of the Company and a member of the Company's Audit Committee and Nomination Committees.

Mr Lee Ying Cheun is appointed as the Chairman of the Company's Compensation Committee.

Mr Inderbethal Singh Thakral is re-designated as Managing Director, Distribution Business of the Group.

The Company announced a proposed capital reduction and cash distibution of S$0.05 per share on 1 December 2009. The proposed capital reduction and cash distribution exercise is subject to approval of the Shareholders and High Court of Singapore.

The Company announced that the Board has resolved not to proceed with the proposed business diversification announced in May 2008.

2010

Mr Jaginder Singh Pasricha is re-designated as Managing Director, Real Estate & Corporate of the Company.

The proposed capital reduction and cash distribution was approved by the High Court of Singapore on 20 May 2010 and became effective upon the lodgement of a copy of the order of the court confirming the capital reduction and the relevant prescribed documents with the Registrar of Companies and Businesses of Singapore on 9 June 2010. The cash distribution of S$0.05 per share was made on 7 July 2010.

Mr Teo Tong Kooi resigned as a Non-Executive Director of the Company and Mr Hoh Weng Ming cease to be an Alternate Director.

The Group made its first real estate investment of A$2.75 million in October 2010 in a property project - Harbour One, Melbourne, Australia

2011

The Group entered into two more real estate investment projects in Australia, Australia Towers and Emerant Lane, both in Sydney. A total cash investment of about A$7.5 million has been made for the three real estate investment projects from October 2010 to August 2011.

A 51% owned subsidiary in Singapore, TCAP Pte Ltd was established for the purpose of acting as an intermediary and service entity which originates, negotiates and packages primarily real estate and incidental resource projects.

An indirect subsidiary, TCAP Australia Pty Ltd was incorporated in Australia in June for the purpose of originating, execution and management of investment opportunities in Australia.

The Group, through its indirect subsidiary, has entered into agreements with GLNG Operations Pty Ltd, the agent for the GLNG Joint Venture in Australia, to acquire the land currently owned or held under options by GLNG and to build 45 houses for lease to GLNG.

The Company established an Investment Committee ("IC") comprising Mr Natarajan Subramaniam (Chairman of the IC), Mr Kartar Singh Thakral and Mr Jaginder Singh Pasricha on 3 November 2011.

The Group, through its wholly-owned subsidiary, Thakral Pan Asia Property Holdings Pte Ltd, completed acquisition of a 99.99% interest in Singapore Sourcing & Technology Private Limited, India in October for the purposes of sourcing of materials, provision of value added services and corporate sales of consumer electronics products.

The Group received payback for its first real estate investment project - Harbour One, Melbourne in December.

2012

Mr Natarajan Subramaniam is appointed as Non-Executive Chairman (Independent) of the Board on 1 January 2012. Mr Kartar Singh Thakral stepped down as Executive Chairman but continues as an Executive Director of the Company on 1 January 2012.

The Group sold down 70% (A$5.6 million) of its capital commitment of A$8 million in Emerant Lane project, Sydney to a sovereign fund in the Middle East in January.

TCAP Australia Pty Ltd ("TCAPA"), an indirect subsidiary of the Company, completed in February the acquisition of TCAP Investments Limited which holds an Australian Financial Services Licence that TCAPA requires for its operations in Australia.

The Group received payback for its real estate investment project - Australia Towers, Sydney in April.

The Group has successfully completed and delivered all 45 houses under Phase One of the GLNG Housing project in July.

The Group, through its indirect subsidiary, has entered into agreements with GLNG Operations Pty Ltd to build another 56 houses for lease to them under GLNG Phase 2 Housing project.

The Investment Division invested in three real estate development projects in Australia by way of mezzanine and preferred equity. These included a project for the development of over 600 residential apartments in two towers in New Quay at Docklands in Melbourne - which has already achieved pre-sales of over 90%, and two other early-stage projects for the development of more than 100 apartments in total in Highgate Hill and West End in Brisbane.

2013

The Investment Division invested in an eighth project - Union Balmain in Rozelle, Sydney, Australia which comprised 202 apartments and retail/commercial space with total sales value of about A$200 million.

The Group's investment in residential project in West End, Brisbane, branded Vida, has been expanded by the developer acquiring the adjoining site. The Group has supported the developer to make the acquisition. Vida will comprise 150 apartments and some retail space, and is expected to have a sales value of about A$100 million.

TCAPA has established a small fund, TCAP Capital Partners Fund No. 1 which raised A$5 million.

Mr Bikramjit Singh Thakral is appointed as an Alternate Director to Mr Kartar Singh Thakral.

Mr Sanjib Sengutpa ceased to be the Chief Financial Officer of the Company.

Mr Anil Moolchand Daryanani is appointed as the Chief Financial Officer of the Company.

The Company's subsidiaries - Hanbest Limited, Thakral Pan Asia Property Holdings Pte. Ltd. and TCAP Australia Pty. Ltd. changed their names to Thakral Capital Investments Limited, Thakral Capital Holdings Pte. Ltd. and Thakral Capital Australia Pty Ltd respectively.

Mr Jasvinder Singh Thakral, an Executive Director of the Company, passed away on 8 December 2013.

2014

Mr Inderbethal Singh Thakral is appointed as a member of the Investment Committee of the Company. Mr Bikramjit Singh Thakral is appointed as the alternate to Mr Kartar Singh Thakral on the Nomination and Investment Committees.

The Group to invest up to A$46.2 million in an iconic property project branded FV in Brisbane, Australia.

A wholly-owned subsidiary, Thakral Corporation Investments Limited, has been incorporated in Hong Kong in July 2014 for investment and import/export of consumer electronic products.

A 70% owned subsidiary, Electronic Hub, Lda., has been registered in Timor-Leste in September 2014 for retailing and distribution of electronics and electrical products in the country.

Wujiang Dafa Real Estate Development Co Ltd ("WJDF"), an indirect 55% owned dormant subsidiary of the Company in China, has been deregistered on application in August 2014. WJDF has completed the sales of all its commercial property units during the previous financial year and distributed its remaining assets to its shareholders in the proportion of their respective shareholdings.

A wholly-owned subsidiary, Thakral Japan Properties Pte. Ltd., has been incorporated in Singapore in October 2014 as an investment holding company.

The Group invested in two office buildings in Osaka, Japan and a residential project in Cammeray, Sydney, Australia for S$42 million and A$6 million respectively.

Thakral Japan Properties Pte. Ltd. ("TJP") has increased its issued and paid up capital to S$13,322,187 though issue and allotment of shares to a subsidiary of the Company and external investors on 25 November 2014. Consequent to the share issue by TJP, the Group's interests in TJP has been diluted to 49.9%. Hence, TJP is no longer a subsidiary of the Company but remains as its associated company.

The Company's wholly-owned subsidiary, Digital Info Technology Pte. Ltd. has on 1 December 2014 changed its name to Thakral Lifestyle Pte. Ltd.

2015

Mr Dileep Nair is appointed as an Independent Non-Executive Director and a member of the Audit and Compensation Committees of the Company on 2 January 2015.

Mr Ting Sii Tien @ Yao Sik Tien resigned as a Non-Executive Director of the Company and cease to be a member of the Compensation Committee of the Company on 2 January 2015.

The Company completed consolidation of every 20 existing issued ordinary shares in the capital of the Company held by shareholders into 1 ordinary share effective 11 May 2015. The issued share capital of the Company comprised 130,860,616 Consolidated Shares upon completion of the consolidation.

The Company has on 30 June 2015 completed the proposed acquisition of 49% of the issued and paid-up capital of TCAP Pte. Ltd. ("TCAP") by Thakral Capital Holdings Pte. Ltd. ("TCH") and the proposed dilution of up to 25% of the Company's shareholding interest in TCH, a principal subsidiary of the Company, resulting from the issuance of new shares in TCH pursuant to the completion of the proposed acquisition of TCAP.

The Group to finance up to A$32.2 million in a luxury residential development known as Newstead Series in Brisbane, Australia.

The Group has on 6 August 2015 through its wholly-owned subsidiary in Australia, TCAP Partners Pty Ltd ("TCAPP") formed 4 joint venture companies with PVAP Pty Ltd ("PVAP"), an independent and unrelated third party on the basis of 50:50 equity participation to co-invest and manage retirement community resorts. They are namely GTH Resorts Pty Ltd ("GTH Resorts"), GTH Resorts 1 Pty Ltd, GTH Resorts 2 Pty Ltd and GTH Resorts 3 Pty Ltd. GTH Resorts is trustee of a unit trust, the units in which are held equally by PVAP and TCAPP.

Thakral, though its JV with PVAP has signed a contract through GTH Resorts in August to acquire a 8.46-ha site at Kratzke Road, Highfields in Queensland for A$6.25 million to develop resort style village for over 50s living under the brand "Living Gems - A Thakral Joint Venture". The Highfields Toowoomba site is the first of several sites to be acquired by GTH Resorts in South East Queensland. The Thakral PVAP joint venture intends to acquire further sites in South East Queensland and Northern New South Wales with a view to develop more than 1,000 homes for over 50s living resorts before expanding into other major cities and regions in Australia.

TCAP Investments Limited and Thakral Capital Australia Pty Ltd ("TCAP") have signed documents establishing a bespoke investment programme called the TCAP Australian Mezzanine Programme (the "Programme") with Aberdeen Asset Management Asia Limited ("Aberdeen"). Aberdeen, on behalf of its property multi-manager products has committed substantial funds to the Programme. The Programme will invest in real estate projects in Australia with a focus on eastern seaboard markets - in particular Sydney, Melbourne and Brisbane.

Mr Pratap Chinnan Nambiar resigned as an Independent Non-Executive Director of the Company and ceased to be a member of the Audit and Nomination Committees of the Company on 31 December 2015.

2016

Mr Natarajan Subramaniam is appointed as Chairman of the Company's Compensation Committee on 1 January 2016. At the same time, he relinquished his chairmanship in the Company's Nomination Committee but remains as a member of the Nomination Committee.

Mr Lee Ying Cheun is appointed as Chairman of the Company's Nomination Committee on 1 January 2016. At the same time, he relinquished his chairmanship in the Company's Compensation Committee but remains as a member of the Compensation Committee.

Mr Torsten Stocker is appointed as Chief Operating Officer of the Company's Lifestyle Division on 4 January 2016.

Mr Jaginder Singh Pasricha, the Managing Director, Investments & Corporate of the Company, passed away on 16 January 2016.

Mr Inderbethal Singh Thakral is appointed as Chief Executive Officer of the Group with effect from 1 February 2016.

Mr Kevin Charles Barry and Mr Greggory John Piercy are appointed as Joint Managing Directors of the Company's principal subsidiary, Thakral Capital Australia Pty Ltd with effect from 1 February 2016.

Mr Eu Lee Koon is appointed as a Non-Executive Director of the Company's principal subsidiary, Thakral Capital Holdings Pte Ltd with effect from 1 February 2016.

Mr Lau Keng Fai, Patrick retired as Group Internal Auditor on 2 April 2016.

The Group has formed additional joint venture entities in Australia as part of its joint venture with Living Gems to co-invest and manage retirement community resorts as per its announcements on 4 August 2016 and 26 September 2016.

The Group has expanded its investment footprint in Japan by investing in a business hotel property, the Hotel Oaks Reaze Tsukamoto in Osaka, Japan's second largest city.

The Group has through its joint venture with Living Gems acquired its first two properties in Queensland, Australia to develop and operate resort style retirement housing for seniors over 50. These properties are Bongaree in Bribie Island and Highfields in Toowoomba with land area of 24.89 Ha and 9.4 Ha respectively. The sites will yield a total of 627 homes when completely sold.