Corporate digest

ARA Asset Management

FRANKLIN Templeton Institutional, which owns about 10 per cent of ARA Asset Management, will vote in favour of the S$1.78 billion privatisation, ARA said on Monday. In November, ARA announced a privatisation bid by a consortium led by its group founder and chief executive officer, John Lim. The consortium wants to take the group private at S$1.78 a share.

Singtel