ESR Group Ltd. Moves Towards Privatization with Scheme of Arrangement as Delisting Process Advances
Reuters
May 21
ESR Group Ltd. Moves Towards Privatization with Scheme of Arrangement as Delisting Process Advances
ESR Group Ltd., a company incorporated in the Cayman Islands and listed on the Main Board of the Stock Exchange under stock code 1821, has announced a proposal for privatisation by way of a scheme of arrangement. The proposal includes an option for shareholders to choose between a Cash Alternative of HK$13.00 per Scheme Share or a Share Alternative of 1 EquityCo Share per Scheme Share. The decision to delist is part of this broader privatisation strategy. A Court Meeting has been scheduled for 10:00 am on Friday, 13 June, as the next significant step in this ongoing process.
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