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Provider : Sadif Analytics Prime
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ARA Asset Management Ltd acquires subsidiary and an associated company


Friday, 22 Aug 2014 05:37am EDT 

ARA Asset Management Ltd:Board announces it has acquired one ordinary share in share capital of ARA Real Estate Investors XI Limited (ARA REI XI), representing 100 pct of issued and paid-up share capital of ARA REI XI.Says for an aggregate consideration of US$1.ARA REI XI is incorporated in the British Virgin Islands and is an investment holding company; and.Four hundred and ninety ordinary shares in share capital of Allworth Property Management Sdn. Bhd. (Allworth PM), representing 49 pct of issued and paid-up share capital of Allworth PM.Says for an aggregate consideration of 490 Ringgit Allworth PM, whose principal business activity is provision of property management services, is company incorporated in Malaysia.Above acquisitions of shares at par value were funded through the Company’s internal resources and were satisfied entirely in cash. 

Company Quote

1.315
-0.02 -1.50%
24 May 2016