ESR (01821) fell more than 12% in the afternoon to a low of HK$7.75, setting a new low on the market. As of press release, it decreased by 12.43% to HK$7.75, with a turnover of HK$94.6643 million.
The Zhitong Finance App learned that ESR (01821) fell by more than 12% in the afternoon, to a low of HK$7.75, setting a new low. As of press release, it decreased by 12.43% to HK$7.75, with a turnover of HK$94.6643 million.
According to the news, various ESR subsidiaries signed a share purchase agreement and agreed to sell their respective interests in the ARA private equity business in Australia, Singapore, South Korea, and the US to various entities such as Sumitomo Mitsui Finance and Leasing Co.'s affiliate for US$270 million. A total of 22 funds are being divested through sales, and the asset management scale has reached 9.8 billion US dollars.
ESR said it has confirmed that it will divest up to 750 million US dollars from the group's non-core business, and this sale is only the first related divestment. The directors believe that the sale of these traditional economic funds through a sale will streamline and simplify the Group's business and make the Group more focused on developing new economic segments. The cash from the sale will mainly be used to reduce the Group's financial liabilities.