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Shareholders of ESR Group vote in favour of privatisation with 99.97% approval

Nicole Lim
Nicole Lim • 2 min read
Shareholders of ESR Group vote in favour of privatisation with 99.97% approval
ESR Sakura Distribution Centre, held by ESR-REIT. Photo: ESR
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Shareholders of ESR Group have voted in favour for the privatisation of the company by way of a scheme of arrangement. The company would be acquired by a consortium which is made up of Starwood Capital Group, SSW Partners, Sixth Street, Warburg Pincus, Qatar Investment Authority, and ESR’s founders.

The company is expected to delist from the mainboard of the Hong Kong Stock Exchange with effect from July 3.

During the EGM on Friday, shareholders voted 99.97% in favour of the privatisation.

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