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ESR Group Limited ( (HK:1821) ) just unveiled an announcement.
ESR Group Limited has successfully completed the spin-off and separate listing of its high-standard logistics assets through a publicly offered infrastructure securities investment fund on the Shanghai Stock Exchange. As a result of the transaction, ESR holds a 41% equity interest in the Project Company, which has been deconsolidated from its financial statements, generating approximately RMB953.131 million in net proceeds for the group. This move is expected to enhance the company’s strategic positioning within the logistics infrastructure sector and provide potential growth opportunities.
More about ESR Group Limited
ESR Group Limited is a leading company in the logistics and real estate industry, focusing on high-standard logistics projects. The company operates across various regions, offering infrastructure securities investment opportunities, particularly in markets like China.
YTD Price Performance: 0.50%
Average Trading Volume: 7,798,188
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$50.95B
For detailed information about 1821 stock, go to TipRanks’ Stock Analysis page.
