ESR Group Limited (HK:1821) has released an update.
ESR Group Limited has successfully acquired a portion of LOGOS Property Group Limited previously held by one of LOGOS’s founders and is in advanced talks to acquire the remaining stakes from the other two founders. This move comes as part of a pre-arranged Roll-up Arrangement that was established following ESR’s majority stake acquisition in 2021. Shareholders are cautioned to be prudent when trading ESR’s shares during these ongoing negotiations.
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