ARA US Hospitality Trust announced that is IPO tranche is “fully subscribed” at 1.1x and UOB is over-alloted 22.727m units for “market stabilisation”. The balloting table for the public offer is below and all valid applicants applied received some allocation.
Mr Lee Jin Yong (李镇镕), Chief Executive Officer of the Managers, said, “The support we’ve received from both institutional and retail investors really encourages
us. We now forge ahead, embarking on a new chapter for the Trust. We will diligently focus on organic growth opportunities through active asset management and
thoughtfully expand the portfolio through accretive investments, always keeping a clear focus on providing stable cash flows and enhancing value for our securityholders.”
Mr John Lim (林惠璋), Group Chief Executive Officer of ARA, said, “The successful IPO of ARA US Hospitality Trust is a reflection of the market confidence in a ARAsponsored Trust that is underpinned by a quality