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George Wang's AIMS Financial Group raises stake in AIMS APAC REIT after acquiring 7% stake from ESR at $1.19 per unit

The Edge Singapore
The Edge Singapore  • 2 min read
George Wang's AIMS Financial Group raises stake in AIMS APAC REIT after acquiring 7% stake from ESR at $1.19 per unit
Russell Ng (left) and George Wang say the acquisition marks confidence in the REIT's prospects. Photo: Albert Chua/The Edge Singapore
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AIMS Financial Group, the sponsor of AIMS APAC REIT, has acquired a 7% stake in the REIT from another substantial shareholder ESR HK Management.

Via a married deal, AIMS Financial Group paid $1.19 each for around 57.16 million units, bringing its total stake to 18.66%.

AIMS APAC REIT closed at $1.33 last Friday, July 11, up 4.72% year to date.

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