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ARA Asset Mgt surges more than 8% on Shanghai property investment

Singapore

SHARES of ARA Asset Management surged more than 8 per cent on Thursday, a day after it said it would be setting up a fund, ARA Harmony VI, to invest in a S$4.1 billion China commercial property.

ARA Asset Management hit S$1.410 apiece earlier, before hovering around S$1.

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