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ARA Asset Management Ltd (ARAM.SI)

ARAM.SI on Stock Exchange of Singapore

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6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

ARA Asset Management Ltd proposes final cash dividend
Monday, 16 Feb 2015 04:35am EST 

ARA Asset Management Ltd:Proposes final tax-exempt (one-tier) cash dividend of S$ 0.027 per share.Payable on May. 19.Record date as of May. 5.Ex-dividend date is April. 30.  Full Article

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.