ARA Asset Management Limited acquired an additional 9.73% stake in Kenedix, Inc. on May 14, 2021. As a result of the transaction, ARA Asset Management Limited now holds 30% stake in Kenedix, Inc. Morgan Stanley Asia (Singapore) Pte. acted as exclusive financial advisor to ARA Asset Management Limited. ARA Asset Management Limited completed the acquisition of an additional 9.73% stake in Kenedix, Inc. on May 14, 2021.