Business And Operational Updates For 1Q 2020
|Announcement Title||General Announcement|
|Date & Time of Broadcast||May 8, 2020 7:43|
|Announcement Sub Title||BUSINESS AND OPERATIONAL UPDATES FOR 1Q 2020|
|Submitted By (Co./ Ind. Name)||ARA Trust Management (USH) Pte. Ltd. / Ling Hong Liang|
|Description (Please provide a detailed description of the event in the box below)||Please see attached.
DBS Bank Ltd. was the Sole Issue Manager for the initial public offering of the stapled securities in ARA US Hospitality Trust (the Offering ). DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited were the Joint Financial Advisers and Joint Global Coordinators for the Offering. DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and Credit Suisse (Singapore) Limited were the Joint Bookrunners and Underwriters for the Offering.