ESR Group Limited (HK:1821) has released an update.
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ESR Group Limited has set a final offer price of RMB2.628 per unit for the spin-off and separate listing of its logistics assets through a publicly offered infrastructure securities investment fund on the Shanghai Stock Exchange. The company plans to subscribe for a significant share in the fund, which is expected to raise approximately RMB2,102.4 million. This move will reduce ESR’s interest in the project company to a maximum of 41.42%, impacting its financial consolidation.
For further insights into HK:1821 stock, check out TipRanks’ Stock Analysis page.
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