ACQUISITIONS AND DISPOSALS
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Acquisitions and Disposals :: Non-Mandatory Disclosure :: INCORPORATION OF WHOLLY-OWNED SUBSIDIARY
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Name of Announcer * | ARA ASSET MANAGEMENT LIMITED |
Company Registration No. | 32276 |
Announcement submitted on behalf of | ARA ASSET MANAGEMENT LIMITED |
Announcement is submitted with respect to * | ARA ASSET MANAGEMENT LIMITED |
Announcement is submitted by * | Lim Hwee Chiang |
Designation * | Director |
Date & Time of Broadcast | 23-Dec-2013 07:47:19 |
Announcement No. | 00008 |
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Announcement Title * INCORPORATION OF WHOLLY-OWNED SUBSIDIARY
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23/l2/20l3
ANNOUNCEMENT INCORPORATION OF WHOLLY-OWNED SUBSIDIARY
The Board of Directors of ARA Asset Management Limited (the "Company" or "ARA") wishes to announce the incorporation of the following wholly-owned subsidiary:
Name : ARA Korea (Holdings) Pte. Ltd. Principal Activity : Investment Holding
Paid up Capital : S$1
Country of Incorporation : Singapore
The above transaction is funded through the Company's internal resources and is not expected to have any material impact on the Company's financial position for the current financial year.
None of the Directors or the controlling shareholders of the Company has any interest, direct or indirect, in the above transaction.
By Order of the Board
ARA Asset Management Limited
Lim Hwee Chiang
Director
23 December 2013
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