Deals
Li Ka-Shing’s ARA Considers Yuan IPO as Currency Demand Wanes
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ARA Asset Management, the manager of property trusts backed by Li Ka-shing, is considering Singapore’s first yuan-denominated stock offering even as expectations for the currency’s appreciation wane.
ARA said it’s exploring is the possible establishment and listing of a real estate investment trust with assets located in China and traded in yuan, according to a statement to the Singapore stock exchange today. The company was responding to media reports about the plans.