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ESR Spikes 15%+ after Resumption of Trading, Gets Takeover Proposal Involving Privatization from Starwood Consortium
ESR (01821.HK) resumed trading this morning, and last spiked 15.2% to $11.52, with about 8.355 million shares traded, involving $98.244 million.On 25 April, ESR received a non-bind...
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ESR Spikes 15%+ after Resumption of Trading, Gets Takeover Proposal Involving Privatization from Starwood Consortium
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ESR (01821.HK)  -0.040 (-0.364%)    Short selling $4.74M; Ratio 39.767%   resumed trading this morning, and last spiked 15.2% to $11.52, with about 8.355 million shares traded, involving $98.244 million.

On 25 April, ESR received a non-binding and conditional proposal from a consortium, i.e. Starwood Capital Operations, L.L.C. (for and on behalf of Starwood), Sixth Street Partners, LLC (for and on behalf of certain of its affiliated investment funds and vehicles), and SSW Partners LP (on behalf of itself and its affiliated funds and entities), in relation to a possible privatization of the Company, according to ESR's announcement.

It is contemplated that shareholders will have the ability to choose to receive cash consideration or roll their shares into the go-forward private company. The consortium currently holds 15.7% of the Company's share capital.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-13 16:25.)

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