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ESR Leaps 2%+ in Morning Session as All Pre-Conditions for Privatization Offer Fulfilled
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ESR (01821.HK) and the offeror, MEGA BidCo, jointly announced the fulfilment of all of the pre-conditions in relation to the proposed privatization of the Company by way of the Scheme and the implementation of the Option Offers and the Award Proposal. With all the Pre-Conditions having been fulfilled, the implementation of the Proposal is only subject to the satisfaction or valid waiver of the Conditions, which include, amongst others, the approval of the Scheme at the Court Meeting. Today (16th), ESR opened 1.61% higher, and peaked at $12.76. It last printed at $12.74, climbing 2.25%, with 9.5976 million shares traded, involving $122 million. AASTOCKS Financial News Website: www.aastocks.com |
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