Hot stock: ARA Asset Management seeks trading halt after SGX query
Add BT as a preferred source
Angela Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
