Prior to this transaction, ESR had acquired 654,546 shares in the E-LOG manager from Shanghai Summit, a company wholly-owned by Tong Jinquan, on July 27. The July transaction had already brought ESR’s stake in the E-LOG manager to 91.3%.
ESR Group, on Sept 30, announced that it is in the process of acquiring a further 7.7% stake in the manager of SGX-listed ESR-LOGOS REIT (E-LOG) from Mitsui & Co.
With the acquisition of Mitsui’s stake, ESR now owns 99% of the E-LOG manager.
