The Straits Trading Company Limited Has Just Unlocked S$450 million In Value for Its Shareholders | The Motley Fool Singapore: "Interestingly, ARA Asset Management Limited (SGX: D1R) may also be a beneficiary of this deal. Based on the strategic alliance ARA formed with Straits Trading back in October 2013, ARA will be managing the assets held under Straits Real Estate Pte. Ltd, which is a 90:10 joint venture owned by Straits Trading and Mr John Lim, Group Chief Executive Officer of ARA.
The capital received from the sale of Straits Trading Building could be pumped into Straits Real Estate by Straits Trading to acquire the “potentially higher return real estate opportunities”. If that occurs, it will be a boon for ARA as it will receive management fees from managing those assets."
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