ESR Group Limited Announces Privatization Proposal Update

ESR Group Limited ( (HK:1821) ) just unveiled an announcement.

ESR Group Limited has announced an update regarding its proposal to privatize the company through a scheme of arrangement under the Companies Act. The proposal includes option offers to cancel outstanding options and awards, a special deal related to the EIS, and the proposed withdrawal of the company’s listing. The Offeror has received non-binding letters of support from shareholders SK and MY.Alpha, who intend to vote in favor of the proposal, bringing total support from disinterested shareholders to approximately 54.65%. However, these letters are non-legally binding, and the shareholders are not obligated to vote as stated.

The most recent analyst rating on (HK:1821) stock is a Buy with a HK$12.70 price target. To see the full list of analyst forecasts on ESR Group Limited stock, see the HK:1821 Stock Forecast page.

More about ESR Group Limited

ESR Group Limited is a company incorporated in the Cayman Islands, focusing on real estate and investment management. It operates within the property sector, providing services related to the acquisition, development, and management of logistics and industrial properties.

Average Trading Volume: 7,597,151

Technical Sentiment Signal: Buy

Current Market Cap: HK$54.46B

For detailed information about 1821 stock, go to TipRanks’ Stock Analysis page.