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ARA Asset Management
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178investors
Veteran |
02-Nov-2007 15:34
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IFalloted from IPO, sell asap while still can pocket a little $$. This counter is weak and will likely go below $ipo after a period of time. Toilet paper turn to pure fine gold paper, stag and take profit now. Don't be greedy. |
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sean68
Member |
02-Nov-2007 14:46
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vested at 1.22 and hope next week collect $ when sti goes green or else pay up after T+5 and hope for da best.  .
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Pinnacle
Master |
02-Nov-2007 13:28
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Have to see who is the backing... Powerful... 
For the purpose of Rule 240 of the SGX-ST Listing Manual, and to the best knowledge and belief of the Joint Global Coordinators, Bookrunners and Underwriters after having taken all reasonable steps and made all reasonable enquiries, the following persons have acquired the Offering Shares pursuant to the Offering:- Circumstances Giving Rise to Name of Holder Relationship No. of Offering Shares the Allocation Lim How Teck Director of the Company 150,000 Reserved tranche Lee Yock Suan Director of the Company 50,000 Reserved tranche Colin Stevens Russel Director of the Company 15,000 Reserved tranche Cheah Tek Kuang Director of AmFIRST REIT Manager and AmFraser Securities Pte. Ltd. 500,000 Reserved tranche Azlan Bin Hashim Director of AmFIRST REIT Manager and AmFraser Securities Pte. Ltd. 500,000 Reserved tranche Lim Hwee Wah Sister of John Lim Hwee Chiang, a Director of the Company 100,000 Placement tranche DBS group of companies Members of the same group of companies as DBS Bank Ltd 3,000,000 Placement tranche CIMB-GK Securities Pte. Ltd. Co-manager and Underwriter 1,000,000 Placement tranche Temasek group of companies Members of the same group of companies as DBS Bank Ltd (whose ultimate substantial 2,379,000 Placement tranche (excluding DBS group of companies) shareholder is Temasek Holdings (Private) Limited) |
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hawke009
Senior |
02-Nov-2007 13:17
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Oh my guess is wrong... Surprisely, ARA has closed 0.12 c higher than its launched price of $1.15. :p |
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Pinnacle
Master |
02-Nov-2007 09:13
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ARA Asset Management starts 4 pct higher in Singapore debut The firm, partly owned by Hong Kong tycoon Li Ka-shing's flagship group Cheung Kong (Holdings) <0001.HK>, sold 243 million new and vendor shares in the IPO. It said it would use proceeds from the share sale as seed capital for an Asian investment fund as well as real estate investment trusts (REITs). ARA manages Suntec REIT Credit Suisse |
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hawke009
Senior |
02-Nov-2007 08:52
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My guess is No. HaHa. Let see! :p |
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Pinnacle
Master |
02-Nov-2007 08:47
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Is this going to be a bad day for new listing? Let's see whether this can buck the trend. |
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Pinnacle
Master |
02-Nov-2007 08:44
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The Board of Directors of the Company, JL Investment Group Limited and Cheung Kong Investment Company Limited (together with JL Investment Group Limited, the ?Selling Shareholders?) are pleased to announce that, as at the close of the Offering at 12.00 noon on 31 October 2007, there were 15,714 valid applications for the 15,000,000 Offering Shares available for public subscription (excluding the Reserved Shares). In total, these applicants applied for 346,629,000 Offering Shares, with application monies received amounting to approximately S$398.6 million, and based on the aforesaid, the Public Offer (excluding the Reserved Shares) was approximately 23.1 times subscribed. At the Offering Price of S$1.15 per Offering Share, indications of interest were received for approximately 7,590,992,000 Offering Shares in the Placement as at the close of the book-building exercise. The indications of interest under the Placement represent approximately 41.7 times of 181,876,000 Offering Shares available under the Placement. The Offering of 205,176,000 Offering Shares attracted a demand of approximately 38.7 times, based on application monies received for the Public Offer (including the Reserved Shares), as well as indications of interest received for the Placement. In connection with the Offering, the Underwriters have over-allocated 36,000,000 Additional Shares, all of which were allocated to the Placement. |
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