AVIC Trust to exit ARA Asset Management, other shareholders raise stakes

SINGAPORE (May 26): On May 26, ARA Asset Management announced that AVIC Trust will be exiting as a shareholder of ARA Asset Management. At the same time, John Lim, CK Asset Holdings and Straits Trading, will raise their collective shareholding to 51.3%, and Warburg Pincus will hold 48.7% of ARA. The transaction completes on May 31.

Following the privatisation of ARA Asset Management in 2017, its shareholders were AVIC Trust with 20.48%, Warburg Pincus (30.72%), John Lim (19.85%), Straits Trading (20.95%) and CK Asset Holdings (8%).