Hot stock: ARA Asset Management seeks trading halt after SGX query

ARA Asset Management has sought a halt in the trading of its shares after the Singapore Exchange queried it on its trading activity.

ARA was trading around S$1.495 a share, up S$0.085, or 6 per cent, when trading was halted. About 1.43 million shares changed hands.

Late last week, ARA shares rallied after it said it would be setting up a fund, ARA Harmony VI, to invest in a S$4.1 billion China commercial property.

Investment in the property, known as Century Link, would be the biggest single-asset property transaction in the Asia-Pacific this year, ARA had said.