Samluo
2021-08-05

$STRAITS TRADING CO. LTD(S20.SI)$

https://shentonwire.net/2021/08/05/esr-cayman-to-acquire-ara-asset-management/

ESR Cayman to acquire ARA Asset Management for US$5.2B

Straits Trading has a 22.1 per cent stake in ARA. It also owns 89.5 per cent of property investment vehicle Straits Real Estate (SRE), a 30 per cent stake in Far East Hospitality Holdings, a 10 per cent deemed interest in Suntec Real Estate Investment Trust, and a 54.8 per cent interest in Malaysia Smelting Corporation.

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