ACQUISITIONS AND DISPOSALS


Acquisitions and Disposals :: Non-Mandatory Disclosure :: STRIKING OFF OF SUBSIDIARY

* Asterisks denote mandatory information

Page 1 of 1

Print this page

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 14-Mar-2013 17:08:38

Announcement No. 00027

>> Announcement Details

The details of the announcement start here ...

Announcement Title * STRIKING OFF OF SUBSIDIARY

Description Please see attached.

Attachments

StrikingOff-Subsidiary-140313.pdf

Total size = 42K

(2048K size limit recommended)

Close Window

https://www1.sgxnet.sgx.com/sgxnet/LCAnncSubmission.nsf/vwprint/FBB8B01A944...

14 Mar 13

ANNOUNCEMENT STRIKING OFF OF SUBSIDIARY


The Board of Directors of ARA Asset Management Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that ARA Trust Management (Horizon) Pte. Ltd. ("ARA Horizon"), a 100% owned subsidiary of the Company, has been struck off from the register of the Accounting and Corporate Regulatory Authority of Singapore.
ARA Horizon was dormant since its incorporation. Thus, the striking off of ARA Horizon is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Group for the financial year ending 31 December 2013.
Save for their interest in the Company, 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
14 March 2013

distributed by