ARA Asset Management

Results

Straits Trading reports FY2020 earnings of $51.5 mil

Strait Trading's associate ARA Management's AUM has hit $119 billion
Straits Trading: From tin mining and smelting to property investing and beyond - THE EDGE SINGAPORE

Company in the news

Straits Trading: From tin mining and smelting to property investing and beyond

When the British pulled out of Singapore in 1963, many companies were put up for sale. One of these was Straits Trading.

Offer

ARA makes partial offer for Cromwell Property Group

SINGAPORE (June 23): ARA Asset Management is offering to acquire 29% of all Cromwell Property Group’s stapled securities that it does not already hold for A$0.90 per stapled security reduced by any dividends or distributions declared, determined or paid

REITs

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, raised their shareholding to 51.3%, and Warburg Pin

Global Economy

Briefs

Here's some news that happened this week

Results

Cache Logistics Trust reports 34.1% drop in 1Q DPU to 0.997 cents

The manager of Cache Logistics Trust has declared a distribution per unit (DPU) of 0.997 cents for 1Q2020 ended March. This is down 34.1% from 1Q2019’s DPU of 1.513 cents.

Covid-19

Private sector link arms to counter 'public enemy number one' fallout

The government is widely expected to introduce a multi-million package to help companies and individuals ride through the negative impact of the Covid-19 outbreak, which has been dubbed “public enemy number one” by the World Health
Straits Trading unit enters JV to acquire Shanghai mall for $469.5 mil

Property

Straits Trading unit enters JV to acquire Shanghai mall for $469.5 mil

SINGAPORE (Dec 18): The Straits Trading Company is taking up a 37.7% stake in a joint venture with ARA Asset Management and ICBC International Investment Management to acquire a retail mall in Shanghai, China for RMB 2.42 billion ($469.5 million), the gro

Deals, joint ventures & alliances

ARA and Logos form strategic partnership to establish logistics real estate development

SINGAPORE (Dec 12): ARA Asset Management will partner integrated logistics property specialist Logos Group to establish a logistics real estate development and investment management partnership in the Asia Pacific region. 
Singapore's ARA and Australia's Cromwell clash in shareholder spat

Company in the news

Singapore's ARA and Australia's Cromwell clash in shareholder spat

(Nov 28): A spat between an Australian property manager and a Singapore rival that’s become its biggest investor is set to intensify when shareholders meet in Brisbane on Thursday.
×