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ARA Asset Management Ltd (ARAM.SI)

ARAM.SI on Stock Exchange of Singapore

1.76SGD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

ARA Asset Management announces joint proposal to privatise company
Tuesday, 8 Nov 2016 03:48am EST 

ARA Asset Management Ltd : Deal for scheme consideration of S$1.78 per scheme share . Offeror does not intend to increase scheme consideration . DBS Bank Ltd and Goldman Sachs (Singapore) Pte. are joint financial advisers to offeror in connection with acquisition . JL Investment Group , Straits Trading Company, Cheung Kong Property, in partnership with Warburg Pincus, Avic Trust propose to privatise ARA Asset Management . Successful completion of acquisition will not trigger any takeover offer for any publicly listed reits currently managed and/or owned by ARA . Investment, which is expected to be completed by December 2016, is expected to increase company's AUM by approximately S$4.1 billion . Scheme will require approval of at least 75% in value of scheme shareholders present and voting in person or by proxy at scheme meeting . Straits Trading, JLIG, Cheung Kong Property and their concert parties will not vote their shares at scheme meeting . Approval from scheme shareholders, scheme would also be subject to approvals from governmental and regulatory agencies in China . Expected that acquisition to be completed in first half of 2017 . Privatisation is proposed to be carried out by offeror, a wholly-owned subsidiary of Athena Investment Company . Upon completion of acquisition, ARA will become a wholly-owned subsidiary of offeror.  Full Article

Fortune REIT says HY net property income HK$705.9 mln<0778.HK>
Monday, 25 Jul 2016 05:22am EDT 

Fortune Real Estate Investment Trust : ARA Asset Management (Fortune) limited (second quarter and/ or half yearly results) . HY total revenue HK$979.1 mln vs HK$922.6 mln last year . HY net property income HK$705.9 mln vs HK$654.4 mln last year . HY distribution per unit 24.78 cents vs 23.38 cents last year . "Manager will remain watchful of rising external risks, including new wave of uncertainties caused by UK's vote to leave EU" .  Full Article

ARA Asset Management Ltd announces incorporation of subsidiaries under ARA Associates (Korea)
Monday, 14 Sep 2015 09:00am EDT 

ARA Asset Management Ltd:Says incorporation of 6 subsidiaries namely.ARA Fund Management (PIP) Ltd whose Principal Activity is portfolio management services.ARA Associates Ltd, ARA Real Estate Investors XV Ltd and ARA Real Estate Investors XVI Ltd whose principal activity is investment holding.ARA Associates (Korea) Ltd and ARA Associates (Australia) Ltd whose principal activity is Investment holding and consultancy services.The above are wholly-owned subsidiaries except for ARA Associates (Korea) Limited, which is 90 pct held by the Group and are incorporated in British Virgin Islands.The above transactions are funded through the company’s internal resources.  Full Article

ARA Asset Management Ltd declares interim dividend
Thursday, 6 Aug 2015 05:11am EDT 

ARA Asset Management Ltd:Declares interim dividend of S$0.023 per share.Payable on Aug. 28.  Full Article

ARA Asset Management Ltd announces incorporation of subsidiaries
Monday, 29 Jun 2015 07:17am EDT 

ARA Asset Management Ltd:Announces the incorporation of the following subsidiaries;.Says APM (V) Consultancy Limited, with principal activity of consultancy services.Says APM (V) Holdings Limited, with principal activity of investment holding.Says APM (V) Limited, with principal activity of investment holding.Says ARA Fund Management (Harmony III) Limited, with principal activity of portfolio management services.Says ARA Harmony V Limited, with principal activity of strategic advisory services.Says ARA Managers (Harmony III) Sdn Bhd, with principal activity of investment and fund management services.Says ARA Managers (Harmony V) Pte Ltd, with principal activity of Asset management services.Says ARA Real Estate Investors XII Limited, with principal activity of investment holding.Says ARA Real Estate Investors XIII Limited, with principal activity of investment holding.Says OMNI360 Pte. Ltd, with principal activity of development of e-commerce applications & hardware consultancy services.Says QI Shop Pte. Ltd. with principal activity of retail.Says Quantum Interactive Pte. Ltd with principal activity of business and management consultancy services.The above are wholly-owned subsidiaries except for ARA Fund Management (Harmony III) Limited and Quantum Interactive Pte Ltd, which are held by the Group in the shareholding proportion of 65% and 70% respectively.  Full Article

ARA Asset Management Ltd announces acquisition of Laguna Plaza
Friday, 8 May 2015 05:22am EDT 

ARA Asset Management Ltd:Reference dated Dec 8, 2014 and Jan 9 respectively, both in relation to the acquisition of the property known as the Laguna Plaza.Unless the context requires otherwise, terms used in this announcement shall have the same meaning as those defined in the Acquisition Announcements.Pursuant to finalized the Vendor would be required to pay an Adjustment Payment of HK$18,534,455.82 to the Purchaser, and taking into account such Adjustment Payment, the total Consideration for the Acquisition was HK$1,906,565,544.18.  Full Article

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Singapore ARA Asset's founder, Warburg Pincus, others to buy out firm

SINGAPORE ARA Asset Management Ltd's founder is teaming up with private-equity firm Warburg Pincus and other investors to buy out the Singapore-listed real estate fund manager in a deal that values the company at $1.28 billion.