Thing On Enterprise (HKG:2292) said all the conditions for its proposed privatization had been met and that it had applied to delist its shares from the Hong Kong Stock Exchange, according to a Hong Kong bourse filing Wednesday.

The property manager said its shares will be withdrawn from the exchange at the end of trading on Thursday, Sept. 18.

The company's chairman and controlling shareholder, Wong Chung Tak Richard, had proposed the privatization offer earlier this year, offering to buy shares for either HK$0.78 in cash, shares in a holding company called Thing On Investment Management, or a combination of both.