Share price shot up significantly today. The only news that I could find was the increased stake in Suntec Reit. In any case, happily vested!
http://ara.listedcompany.com/news.html/id/464221
The Board of Directors of ARA Asset Management Limited (“ARA”) wishes to announce that
ARA has commenced its acquisition of units in Suntec Real Estate Investment Trust (“Suntec
REIT”), thereby increasing the direct and deemed substantial stake held in Suntec REIT by the
Tecity group of companies (which includes the stake held by The Straits Trading Company
Limited).
As at 12 May 2015, ARA and the Tecity group of companies together hold a combined
shareholding interest of approximately 8.13%.
ARA Group CEO Mr. John Lim said: “This demonstrates our alignment of interest as well as our
strong commitment towards managing and further growing the REIT to continue delivering
premium value for our Suntec REIT unitholders.”