ARA Asset Management

ARA Asset Management Announcements:
Press Release: ARA ESTABLISHES A STRATEGIC ALLIANCE WITH THE STRAITS TRADING COMPANY LIMITED
Presentation: POSITIONED FOR ACCELERATED GROWTH

Straits Trading Announcements:
PROPOSED ACQUISITION OF SHARES IN ARA ASSET MANAGEMENT LIMITED AND REAL ESTATE CO-INVESTMENT WITH ONE OF ITS MAJOR SHAREHOLDERS
Press Release: STRAITS TRADING FORMS STRATEGIC ALLIANCE TO EXPAND IN REAL ESTATE SECTOR
Presentation: Acquisition of 20.1% stake in ARA Asset Management Limited and Establishment of Real Estate Co- Investment Vehicle

John Lim must have thought the alliance to be pretty valuable for him to sell the majority stake of his baby to STC.

John vs STC, who is the smarter money?

Who is getting paid? And who is paying?

Look like the deal benefits STC more than ARA.

Instead of ARA coughing up 100M seed capital. John Lim is coughing up the capital. To cough up this capital, he sold 10% of his ARA stake.

The private fund is slated to be $1bn.

John Lim wins: (a) Cash Out AND (b) return on private fund capital

ARA wins: (a) Extra AUM. (d) Payout performance fees of Divestment © Avoid the $100M seed capital

ARA loses: JL now has a reduced stake.

Did I miss anything?

stc on one hand is teaming up with far east orchard in a joint venture (from the late ng teng fong's empire), on the other hand now is teaming up with lee ka shing's side..

I think stc could be one sly entity to watch out for (look at how it beat off value from OCBC's UE during the recent bidding war over WBL

(28-10-2013, 11:25 PM)pianist Wrote: stc on one hand is teaming up with far east orchard in a joint venture (from the late ng teng fong's empire), on the other hand now is teaming up with lee ka shing's side..

I think stc could be one sly entity to watch out for (look at how it beat off value from OCBC's UE during the recent bidding war over WBL

I think Chew Gek Khim realises STC has too few hotels and properties to build critical mass. Hence the JV with FEO on hotels.

Its current assets are also bits and pieces of good homes here and there. By putting these assets into ARA private funds, it will generate good return on exit of private fund and also get 20% stake in ARA.

Yes, STC's move is very good.

Maybe I am biased against against STC. Just not impressed with their original fight with OCBC over control of STC. loaded up with debt just before the crisis. Worst timing.

The party on the other side are the smartest money around. Best record for selling near peak.

^^ That's my observation as well. Maybe not best record but pretty good... probably tips from a page of Superman's books And Superman tends to sell 6-12 months early.

IMHO probably best record in feeding themselves silly

john lim and LKS wins man, they should out their stakes at such a high valuation! sweet ^_^

ARA seems wayy~~~ overvalued at over 20 times earnings