1Q 2021 Business & Operational Updates
|Announcement Title||General Announcement|
|Date & Time of Broadcast||May 6, 2021 7:49|
|Announcement Sub Title||1Q 2021 BUSINESS & OPERATIONAL UPDATES|
|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.