ESR Group Advances Toward Logistics Asset Listing

ESR Group Limited (HK:1821) has released an update.

ESR Group Limited has announced the potential listing of its logistics assets on the Shanghai Stock Exchange through a publicly offered REIT, marking a significant development after receiving a no objection letter from the Shanghai Stock Exchange and approval from the CSRC. The proposed spin-off will reduce ESR’s effective interest in the Project Company from 100% to 34%, which is expected to be a discloseable transaction under the Listing Rules. Shareholders and potential investors are cautioned that the spin-off is subject to market conditions and may or may not proceed.

For further insights into HK:1821 stock, check out TipRanks’ Stock Analysis page.