The Zhitong Finance App learned that ESR (01821) resumed trading at a high rate of nearly 19%. As of press release, it had risen 18.8% to HK$11.88, with a turnover of HK$8.5821 million.
According to the news, ESR announced that on April 25, it received a non-binding conditional acquisition proposal from the consortium, namely Starwood Capital Operations, L.L.C. (representing Starwood), Sixth Street Partners, LLC (representing several of its associated investment funds and companies), and SSW Partners LP (representing itself and its associated funds and entities) regarding the company's possible privatization. Shareholders are expected to be able to choose to receive cash or transfer shares into the future private company. Currently, the consortium holds 15.7% of the company's share capital. The company also clarified that Warburg Pincus LLC (Huaping Investment) is not a member of the consortium or a party to the indicative acquisition proposal.