27 May 2024

Acquisition of Acrophyte Pte. Ltd.

Partner Favian Tan from Rajah & Tann Singapore is acting for Acrophyte Pte. Ltd., formerly known as Chip Eng Seng Corporation Ltd., in the acquisitions by (a) Acrophyte Asset Management Pte Ltd of the entire issued share capital of the managers of ARA US Hospitality Trust ("ARA H-Trust"), and (b) Acrophyte Limited of approximately 19% of the total number of issued stapled securities in ARA H-Trust. Partners Anne Yeo and Sun Zixiang from the Funds and Investment Management Group Practice assisting with the regulatory related aspects of the transaction.