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ESR Group Limited ( (HK:1821) ) has issued an update.
ESR Group Limited, incorporated in the Cayman Islands, has announced the appointment of Anglo Chinese Corporate Finance, Limited as the Independent Financial Adviser concerning a pre-conditional proposal to privatize the company via a scheme of arrangement. This move is part of a broader strategy that includes the proposed withdrawal of the company’s listing. The appointment aims to provide advisory assistance to the Independent Board Committee on the privatization proposal and related matters. The company is actively working towards fulfilling pre-conditions necessary for the proposal’s execution, with some conditions already satisfied. This announcement reflects ongoing steps in the company’s strategic repositioning efforts, which could have significant implications for its stakeholders.
More about ESR Group Limited
YTD Price Performance: 0.84%
Average Trading Volume: 10,057,337
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$51.11B
See more insights into 1821 stock on TipRanks’ Stock Analysis page.
