SG briefs: ESR Cayman, ARA Asset, Mapletree Logistics, Yanlord, Straco, DISA

Singapore 50 dollar bill

Singapore company briefs: ESR Cayman and ARA Asset Management, Mapletree Logistics Trust, Yanlord Land, DISA and Straco Corp. 

ESR Cayman and ARA Asset Management

ESR Cayman has completed the acquisition of ARA Asset Management on Thursday, making it a wholly owned subsidiary, the Hong Kong-listed company said in a filing to SGX Thursday.

As of end-December, ESR Cayman had US$39 billion in assets under management, and upon the deal’s completion, that rose to US$140 billion, the filing said.

Read more: ESR Cayman shareholders approve US$5.2B takeover bid for ARA Asset Management

Mapletree Logistics Trust

Mapletree Logistics Trust said Thursday it has completed the acquisitions of 12 new logistics assets in China, with one asset still yet to be acquired.

The trust used around S$675.5 million of the around S$692.8 million in proceeds from its equity fundraising to partially fund the deals, with the remainder of the proceeds to be used to pay fees and expenses, according to a filing to SGX Thursday.

Read more: Mapletree Logistics Trust to acquire logistics assets in China, Vietnam, Japan for S$1.47B

Yanlord Land

Yanlord Land Group said Thursday the second tranche of units at the Yanlord Arcadia project in Shanghai, China, was fully sold out after the launch on 19 January. 

All 226 apartment units in the launch sold at an average selling price of around 115,000 yuan per square meter, with the total contracted pre-sales from the second tranche at around 4.018 billion yuan, Yanlord said in a filing to SGX. 

Vividthree

Vividthree said Thursday it has entered an exclusive two-year joint development tie-up with JVS Management Holding for Filecoin mining, in which participants in the blockchain network contribute storage capacity to be used by clients seeking to store data. 

Read Vividthree’s filing to SGX.

Straco Corp.

Straco Corp. said Thursday that its subsidiary Straco Leisure, which operates the observation wheel known as the Singapore Flyer, had suspended its ride operations due to the detection of a technical issue during a routine maintenance inspection.

DISA

DISA Ltd.’s wholly owned subsidiary DiSa Digital Safety has entered proof-of-concept agreements, via its 40 percent-owned associate company Digital Life Line, with two large Singapore-based private healthcare service providers to test the scalability of its Automated Antigen Rapid Test System in February, the company said in a filing to SGX Thursday. 

The automated machines can handle around 10 to 15 tests an hour, operating 24 hours daily, the filing said. 

Read DISA’s filing to SGX.